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Government announces new electricity prices
The Electricity Ministry raised the price of electricity by around 42% for household consumers last Thursday, according to Reuters. The…
Speed Round
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CBE denies it had a hand in EGP’s appreciation
CBE denies it had a hand in EGP’s appreciation: CBE Governor Tarek Amer assured President Abdel Fattah El Sisi that…
CBE raises interest rates 200 bps
The CBE’s Monetary Policy Committee decided to raise interest rates by another 200 bps in its meeting last Thursday, marking…
Top international stories worth noting
A handful of international stories worth a skim this morning: Libya’s eastern commander Khalifa Haftar’s forces recaptured Benghazi from Islamist…
Steel magnate Ahmed Ezz released from prison
Steel magnate Ahmed Ezz was released from prison on EGP 250k bail and placed on a no-fly list. Ezz faces…
Gulf Air names Egypt country manager
MOVES- Bahrain’s Gulf Air appointed Wael Mattar as new country manager for Egypt, according to a press release.
Housing Ministry holds meetings to set up international, private schools in the New Capital
The Housing Ministry is in talks with several international and private schools to set up new branches in the first…
Alex Port multipurpose platform project with China Harbour back on?
Zombie project Alex Port multipurpose platform project brought back to life again? The agreement with China Harbour over the undead…
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