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Number of tourists up by 32.9% y-o-y in May
The tourism industry’s revival continued in May with the number of tourists visiting Egypt in May increasing 32.9% year-on-year, according…
Speed Round
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Market trends show Egypt’s property boom looks set to continue on the back of expat growth
Market trends show Egypt’s property boom looks set to continue on the back of demand from abroad: Egypt’s property boom…
Abraaj Group plans to acquire 100% of Kenyan coffeehouse Java House
Abraaj Group plans to acquire 100% of Kenya-based coffeehouse and dining chain Java House from private equity firm Emerging Capital…
Orascom Construction signs USD 100 mn contract for 650 MW power plant in Assiut
Orascom Construction (OC) signed a USD 100 mn contract to build a 650 MW steam turbine power plant in Assiut’s…
Amazon has completed its acquisition of Souq.com
Amazon has completed its acquisition of Souq.com, the Dubai-based online retailer said on Monday. The company said that the firms…
EFSA implements changes to Companies Act
EFSA implements amendments to general assembly provisions Companies Law amendments: The Egyptian Financial Supervisory Authority (EFSA) began enforcing on Monday…
Court ruling could force government to pay unemployment benefits
Administrative Court ruling could force government to pay out unemployment benefits: The Supreme Administrative Court issued a verdict on Monday…
Private sector hikes prices in response to the fuel subsidy cuts
Private sector hikes prices in response to the fuel subsidy cuts: Food producers are days away from announcing new prices…
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