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Ismail cabinet agrees to allocate EGP 1 bn to raising ration card allowance for Ramadan during weekly meeting
Cabinet tops up ration cards for Ramadan: The Ismail cabinet agreed at its Tuesday meeting to allocate EGP 1 bn…
Speed Round
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House’s third swing at the 10% hardship raise could be the last
House’s third swing at the 10% hardship raise could be its last: The House of Representatives risks scrapping the 10%…
Kuwait suspends imports of some Egyptian produce due to high level of pesticides
It is beyond time to clean up our act as another country bans imports of our produce: The Kuwaiti government…
EPPC planning to invest USD 1 bn in expansions next year
INVESTMENT WATCH- The Egyptian Propylene & Polypropylene Company (EPPC) is planning to invest USD 1 bn in expansion during the…
Lekela Power to close contracts on USD 350 mn wind farm project within two months
INVESTMENT WATCH- Lekela Power, the pan-African renewable operator that is reportedly 60% owned by funds controlled by emerging markets private…
M&A Watch: PICO’s Cheiron acquires 50% stake in Sahara North Bahariya Ltd.
M&A WATCH- Our friends at PICO are on a tear this week: PICO Group subsidiary Cheiron Egypt acquired a 50%…
US sends Egypt first wheat shipment in four months
Egypt has bought US wheat for the first time in four months, Bloomberg reported. US authorities “inspected 51,603 tons of…
Earnings watch: Arabian Cement Company reports 1Q2017 results
EARNINGS WATCH- Arabian Cement Company reported a 75% y-o-y increase in net income to EGP 59.7 mn in 1Q2017, up…
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