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Cabinet suspends school meals until end of academic year
Cabinet decided yesterday to suspend government-issued school meals for the remainder of the academic year and will bring back the…
Speed Round
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Earnings watch: Obour Land
EARNINGS WATCH- Cheese maker Obour Land recorded a net profit of EGP 162 mn in 2016, up from EGP 92…
Egypt will not ban private sector imports of wheat this harvest season
Egypt will not ban the private sector from importing wheat while it buys up the local harvest, according to a…
House forms committee to study repercussions of port fees hike
House committee to study port fee hike: The House Transport Committee formed a committee to coordinate with maritime companies in…
Trade and Industry Ministry sees Egyptian exports rising to USD 34 bn by 2020
The Trade and Industry Ministry sees Egyptian exports rising to USD 34 bn by 2020 from a current figure of…
Egypt to cut IOC receivables in half within weeks -El Molla
Egypt will repay half of everything it owes international oil companies “within weeks,” Oil Minister Tarek El Molla said, according…
Careem looking for acquisition opportunities, considering IPO
Ridesharing service Careem is looking for acquisition opportunities and is considering an initial public offering but has no timeframe in…
Raya Contact Center issues ITF
IPO WATCH- Raya Contact Center (RCC) announced its intention to float (pdf) on the EGX. The company is just under…
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