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Egypt’s FX reserves overtakes Nigeria
Are you paying attention, Nigeria? Egypt’s net FX reserves overtook Nigeria’s for the first time since 2011, Paul Wallace writes…
Speed Round
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Capital inflows to EM to increase in 2017, Egypt to get USD 32 bn -IIF
Capital inflows to EM to increase in 2017, Egypt to get USD 32 bn -IIF. Non-resident capital inflows to emerging…
Auerbach Grayson signs partnership agreement with Okasan Securities
Auerbach Grayson signs partnership agreement with Okasan Securities: Beltone Financial-owned Auerbach Grayson & Co has partnered with Japan’s Okasan Securities…
Mexico’s CEMEX to invest USD 20 mn in Egypt in 2017
INVESTMENT WATCH- Mexico’s CEMEX is planning to invest USD 20 mn in Egypt this year on top of the USD…
IFC completes acquisition of 10% stake in AXA Egypt
M&A WATCH- The International Finance Corporation (IFC) closed its acquisition of a 10%stake in AXA Egypt Investment, according to an…
Qatar blames the media, says it will resort to dialogue
The epic smackdown on Qatar continues: Qatar’s Foreign Minister Sheikh Mohammed bin Abdulrahman Al Thani blamed “media fabrications” for the…
TPCC Workers, not employees, sentenced to prison over sit-in -statement
CLARIFICATION-Tourah Portland Cement Company (TPCC) sent us a statement explaining that the 32 workers who were sentenced to prison for…
Egypt to unify port fees around the country
Egypt to harmonize port fees nationwide: Transport Minister Hisham Arafat and Suez Canal Economic Zone chief Mohab Mamish agreed to…
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