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Apache predicting lower numbers for 2Q
Egypt-heavy driller Apache is warning investors that its 2Q numbers are going to come in lower than forecast, Madison reports.…
House ICT committee to probe lousy state of internet service in Egypt
To our collective delight, the House ICT Committee looks like it’s about to probe the lousy state of internet service…
Egypt, Ukraine face European Commission dumping probe
Egypt, Ukraine face European Commission dumping probe: The European Commission (EC) has begun investigating a complaint claiming that producers in…
Careem appoints VP of corporate development
MOVES- Cab-hailing service Careem announced the appointment of Zach Finkelstein as vice president of corporate development. Finkelstein, a co-founder of…
Adel to become EGX interim Chairman until Omran’s replacement announced
MOVES- Investment Minister Sahar Nasr confirmed that deputy EGX chairman Mohsen Adel will take the reins of the bourse in…
Abou Hashima rezones his USD 5.5 bn steel plant in SCZone
Abou Hashima rezones his USD 5.5 bn steel plant to fall in the SCZone: Egyptian Steel Chairman and CEO Ahmed…
Qalaa’s RVR’s contract to run Kenya-Uganda railway terminated, court orders
Kenya Railways has terminated Rift Valley Railways (RVR)’s 25-year contract to run the Kenya-Uganda railway, Business Daily reports. RVR is…
Egypt may see FDI inflows exceeding the USD 10 bn target for this year,
Egypt may see FDI inflows exceeding its USD 10 bn target for this year, Investment Minister Sahar Nasr told Bloomberg.…
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