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Shahid Law Firm expands into Ethiopia
Our friends at Shahid Law Firm are expanding into Ethiopia, signing an affiliation agreement with the country’s Meseret and Associates…
Speed Round
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Talaat Mostafa Group bought 500 feddans for in the new administrative capital
Talaat Mostafa Group (TMG) bought 500 feddans in the new administrative capital, Housing Ministry sources told Reuters. “Talaat Mostafa received…
SODIC contracted sales up 64% y-o-y in 1Q2017 to EGP 1.2 bn
SODIC booked net contracted sales of EGP 1.2 bn in 1Q2017, a 64% leap over the same period last year,…
ECA files complaint to Prosecutor General against Uber
The Egyptian Competition Authority (ECA) has reportedly filed a complaint against Uber with the Prosecutor General for allegedly failing to…
CBE provides USD 28 bn in trade financing since EGP float
The central bank provided USD 28 bn for foreign trade financing from 3 November through 10 April, CBE Assistant Sub…
Euler Hermes upgrades Egypt’s risk rating, forecasts zero growth this year
Euler Hermes upgrades Egypt’s risk rating, forecasts zero growth this year: Euler Hermes has upgraded Egypt’s risk rating (pdf) to…
Eurobond round two in May?
Eurobond round two in May? The Finance Ministry could go to market with a second eurobond worth USD 2 bn…
Spain arrests Egyptian man for alleged affiliation with terror organization
Spanish police arrested yesterday a 43-year-old Egyptian man allegedly belonging to an international terror organization with the help of information…
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