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The Palestinian Authority will stop paying for electricity sold to Gaza
The Palestinian government in the West Bank has informed Israel that it will stop paying for the electricity Israel sells…
Pope Francis visits El Sisi, El Tayeb, Pope Tawadros, leads Catholic Mass in two-day visit
Pope Francis’ two-day visit to Cairo wrapped yesterday. The Pontiff’s itinerary was jam-packed with meetings and public appearances — all…
Afreximbank to provide NBE with USD 300 mn facility to fund SMEs
The African Export-Import Bank (Afreximbank) signed an agreement to provide aUSD 300 mn financing facility to the National Bank of…
Earnings watch
EARNINGS WATCH- Orascom Construction reported what it called a “sustainable return to profitability” as it announced USD 48.7 mn in…
Cairo Poultry Managing Director Tarek Tawfik wins AmCham presidency
MOVES- Food industry veteran Tarek Tawfik has won the presidency of the American Chamber of Commerce in Egypt, Al Shorouk…
Louis Dreyfus’ Egyptian affiliate selects Pioneers as financial advisor for NCMP stake bid
M&A WATCH- Pioneers Holding is serving as financial advisor for global commodities company Louis Dreyfus’ local affiliate, Al Mona Misr,…
RenCap setting up shop in Cairo
Renaissance Capital is opening an office in Cairo this year, RenCap’s MENA CEO Ahmed Badr said. Pending the receipt of…
Trade between Egypt and Sudan suffers following media spat
Business is suffering amid spat between Egypt and Sudan: Tension between Egypt and Sudan, deepened by a recent media spat,…
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