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Raya Holding acquires International Union for Integrated Food industries
M&A Watch- Raya Holding acquired 100% of frozen food producer International Union for Integrated Food industries (IUIFI) according to a…
Speed Round
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Finance Ministry collects EGP 238 bn in taxes during first nine months of FY2016-17 -El Monayer
The Egyptian treasury’s tax haul rose 27% in 9M2016-17, with total receipts ringing in at EGP 238 bn,Deputy Finance Minister…
CBE expects reserves to reach USD 28.5 bn in March
The Central Bank of Egypt expects FX reserves to jump to over USD 28.5 bn in March, since March 2011…
REER appreciation unlikely to affect competitiveness
Egypt’s improved competitiveness is unlikely to be negatively affected by an expected appreciation of the EGP’s real effective exchange rate…
Gaza on the brink of war again -Shapiro
Once again, war is looming in Gaza, former US ambassador to Israel Daniel Shapiro writes for Bloomberg View. There are…
16 people wounded in a blast in Tanta
One policeman was killed and 15 people were wounded in a blast that struck a police training center in Tanta…
Mohamed Abdel Azim was appointed President of Khalda
MOVES- Appointments at state petroleum companies: Mohamed Abdel Azim was named president of Khalda Petroleum Company and vice-president at state…
Supreme Constitutional Court declares it illegal to freeze assets of bankrupt individuals
The Supreme Constitutional Court declared on Saturday that it is unconstitutional tofreeze the assets of bankrupt individuals, Al Mal says.…
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