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USD 415 mn LNG pier in Ain Sokhna port begins trial operations
Trial runs have begun at the Arab Petroleum Pipelines Company (SUMED)’s USD 415 mn LNG pier at Ain Sokhna port,…
Speed Round
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Arab Organization for Industrialization clinches Toyota Fortuner assembly
AOI to assemble Toyota Fortuner models: It appears that Arab American Vehicles Company — a joint venture between Arab Organization…
Private placement for Naeem Holding's real estate fund 1.5X oversubscribed
Naeem Holdings’ real estate fund’s private placement 1.5x oversubscribed: The private placement for 20% of Naeem Holding’s EGP 1 bn…
Egypt looks to double long-staple cotton production and exports in FY2017-18
Egypt is looking to double its famous long-staple cotton production and exports during FY2017-18, Agriculture Ministry spokesperson Hamed Abdel Dayem…
Social Solidarity Ministry tasks committee with studying unemployment benefits
It looks like unemployment benefits may be coming after all: The Social Solidarity Ministry formed a committee to study the…
Supply Ministry raises subsidized bread production cost
Supply Ministry raises subsidized bread production cost: Supply Minister Ali El Moselhy agreed yesterday with the Federation of Egyptian Chambers…
Police detain, deport Chinese students
Egyptian police have reportedly arrested 34 Uighur Chinese students, 12 of whom have been deported, while the remainder are in…
Egypt cuts back fuel shipments to Gaza as Mahmoud Abbas visits Cairo
Egypt reportedly cut back on its fuel shipments to Gaza by 33-50% on Saturday after the Ramallah-based Palestinian Authority froze…
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