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Strategy blueprint to turn Egypt into an energy hub to be ready by November
A government blueprint to begin transforming Egypt into a regional energy hub will be completed in November, Al Borsa reports.…
Speed Round
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Aur Capital to invest EGP 22 bn over the next five years
Former Investment Minister Ashraf Salman says his new private equity outfit, Aur Capital, will invest as much as EGP 22…
Strawberry ban, not really a ban, says Trade Minister
Trade Ministry downplays supposed Saudi strawberry ban as “procedural” matter: Saudi Arabia’s Agriculture Ministry has only imposed new regulatory procedures…
ENR to get EUR 290 mn facility from EBRD to finance fleet upgrade
It’s a good week for the Egyptian National Railway, which is getting EUR 290 mn from the EBRD to finance…
House votes on income tax amendments, hardship raises, and pension increases
Parliament approves income tax cuts: Manufacturers and others with lower cost labor can take heart, though: Interest rates may speak…
Agriculture companies holding back on capex amid high interest rates
Until rates do come down, some business owners are feeling the pinch and are thinking twice about new investment, say…
Controlling inflation is gov’t top priority, rates increase temporary -El Garhy
Controlling inflation is now Egypt’s top priority, Finance Minister Amr El Garhy told Bloomberg TV (runtime 03:25). The priority is…
No bitcoin in Egyptian banking system -CBE
The CBE denied it is allowing the cryptocurrency bitcoin to be traded within the Egyptian banking system, according to Al…
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