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Energy cuts demonstrate commitment to fiscal and economic reforms, says Fitch
Energy subsidies cuts demonstrate commitment to fiscal and economic reforms, says Fitch: Egypt's new budget and lower electricity and fuel…
Speed Round
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Supply Ministry to halt subsidizing flour for subsidized bread
Supply Ministry ends subsidies of flour: The Supply Ministry announcing yesterday it will stop subsidizing the flour it provides to…
Starz Play secures funding for USD 125 mn
In other startup news, MENA on-demand video streaming service STARZ PLAY raised a total of USD 125 mn since its…
Flat6Labs has made its first closing on its EGP 100 mn fund
Flat6Labs has made its first closing on its EGP 100 mn Flat6Labs Accelerator Company (FAC) fund, which will allow it…
ADNOC mulls IPO of its service stations unit
Abu Dhabi National Oil Co (ADNOC) is reportedly planning an IPO of its service stations unit, with a value of…
Correction
CORRECTIONs - A couple of Mia Culpas this morning with our apologies. First, a grave typo went out yesterday in…
CBE appoints five new Deputy Governors
MOVES - The CBE’s board of directors approved the promotion of five CBE Assistant Sub Governors on Tuesday. Rami Aboul…
QNBA reports 1H2017 results
EARNINGS WATCH- Qatar National Bank Alahly reported a consolidated net profit of EGP 2.73 bn in 1H2017, up from EGP…
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