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FEI’s pharmacies division accuse Health Minister of Corruption
The Federation of Egyptian Industries’ pharmacies division is leveling accusations of corruption at Health Minister Ahmed Rady, claiming that he…
Speed Round
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Banking sector pulls in USD 15 bn since EGP float
Five banks raked in 43% of the banking system’s EGP 53.1 bn in profits last year, according to a CBE…
Public Transport Authority to hike bus fares?
Public Transport Authority to hike bus fares? Apparently emboldened by the decision to raise metro ticket prices, the cash-strapped, debt-laden…
Business associations nod to Investment Act split
Business community agrees to Investment Act split: Business associations appear to be nodding in agreement to the House Economic Committee’s…
House Economic Committee signs off on IMF loan agreement
The House of Representatives’ Economic Committee signed off on Egypt’s USD 12 bn bailout agreement with the IMF on Sunday…
GCC law firms looking to expand in Egypt
M&A Watch- Gulf law firms, including Emirati firm Mahmoud Hussein and Qatar’s Al-Sulaiti, are looking to expand in Egypt by…
NAD Development seeks 100% of Egypco’s shares
M&A Watch- A Saudi outfit called NAD Development & Investment Company said it is presenting an offer to acquire 100%…
Raya Contact Center could list in 2Q2017
IPO watch- Raya Holdings subsidiary Raya Contact Center will list on the EGX in 2Q2017, sources told Al Mal. EFG…
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