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Earnings watch: ORWE, Telecom Egypt
** EARNINGS WATCH- Oriental Weavers reported a consolidated net profit of EGP 528.9 mn in 2016, up from EGP 339.1…
Egypt is world’s 39th largest car producer in 2016, according to OICA’s latest global production statistics
Shocker: Egypt is not a major automotive producer by global standards. Egypt was ranked as the 39th largest auto producer…
Fakharany could sue Careem after being fired unexpectedly
Things are getting ugly at Careem: The now former managing director of Careem Egypt might be suing the company after…
Cairo Metro runs into problems with suppliers
Cairo Metro under pressure to pay suppliers: Get beyond the alarmist (and wholly unrealistic) suggestion that the Metro could be…
Education Ministry relinquishes financial and administrative control over Choueifat Int’l schools
Choueifat off the Education Ministry’s naughty list: The International Schools of Choueifat in Egypt are no longer under the administrative…
Reforms showing signs of success, some key challenges remain
Egypt’s reforms are showing signs of success, Ahmed Feteha writes in Bloomberg, “foreigners are investing again in stocks and local-currency…
House, government at an impasse over raise for civil servants
As expected, House and civil servants want handouts during a time of austerity: The Ismail cabinet has refused a request…
Contractor’s Compensation Act now slated for mid-April instead of March
No Contractor Compensation Act before mid-April: Contractors shouldn’t expect until sometime in April a bill designed to allow the government…
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