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Quantum Global ranks Egypt as third most attractive investment destination in Africa
Egypt has been ranked the third most attractive investment destination in Africa by Africa-based investment management firm Quantum Global. Their…
Speed Round
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The never ending saga of the Investment Act continues
The never-ending saga of the Investment Act continues: The old adage that a camel is a horse designed by committee…
TE, Orange reach domestic roaming agreement
State-owned fixed-line monopoly Telecom Egypt reached an agreement yesterday to offer 2G, 3G, and 4G mobile services on Orange Egypt’s…
Orascom Construction announces start of production at Iowa Fertilizers Co.
Orascom Construction announced late yesterday the start of production at Iowa Fertilizers Co., the first world-scale greenfield nitrogen fertilizer plant…
Cabinet approves raising cap on foreign borrowing to USD 7 bn from USD 5 bn
The Ismail cabinet raised the ceiling on the maximum value of USD bonds it can issue on international markets to…
UK’s May calls election, Goldman in rare earnings miss, US rolls out kinder, gentler face ahead of IMF / World Bank spring meetings
If yesterday was relatively quiet in Egypt as the nation shrugged off its long weekend, the same can’t be said…
Archaeologists discover ancient Egyptian 1,000 statues in Luxor
Archaeologists have discovered more than 1,000 statues and 10 sarcophagi in an ancient noble's tomb on the west bank of…
Earnings watch: Faisal Islamic Bank of Egypt Q1 2017
EARNINGS WATCH- Faisal Islamic Bank of Egypt has announced a bottom line of EGP 439.8 mn compared to EGP 274.8…
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