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Careem launches operations in seven new Nile Delta cities
Ride-hailing app Careem has expanded operations into seven new cities in the Nile Delta, the company announced in a statement…
Speed Round
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Abraaj’s Mustafa Abdel Wadood joins board of Orascom Construction
MOVES- Abraaj managing partner and global head of private equity Mustafa Abdel Wadood has joined the board of directors of…
Smaller companies could miss out on IOC payments; all IOCs to be paid by 2019; Dana Gas to restructure debt under Egypt, Kurdistan payment pressure
Smaller oil and gas operators may miss out on the second wave of payments to international oil companies (IOCs) the…
SODIC looking to buy EGP 600 mn worth of land in Cairo -Sherif
SODIC is looking to expand its land bank: SODIC is looking to buy EGP 600 mn worth of land in…
Egypt to launch social aid package to combat inflation
Egypt expects inflation to remain above 20% during the next fiscal year, Tamim Elyan and Ahmed Feteha write in Bloomberg.…
New MacBooks, poorly paid hedgies (sob), and why Africa and Asia should do a population transfer
DISTRACTIONS- Tech geeks who happen to worship at the temple of Apple will want to check out wunderkind Mark Gurman’s…
Education Ministry to announce caps on international schools’ tuition fees
Education Ministry to announce caps on international school tuition fees: The Education Ministry is expected to announce a new system…
Earnings Watch: SODIC, Orascom Hotels and Development, Orascom Development
EARNINGS WATCH- Our friends at SODIC reported a 321% y-o-y increase in net profit to EGP 211 mn in 1Q2017.…
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