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Some restaurants exempt from VAT -Finance Ministry
Expect your corner koshary and ful shops to be exempt from VAT: The Finance Ministry issued a directive exempting some…
Speed Round
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Is Exxon bidding for BP again?
Rumors in the UK press that Exxon is in acquisition mode are driving BP shares up, Bloomberg reports, but analysts…
Vatican considering papal visit to Egypt
Pope Francis is considering stopping by Egypt, the Vatican confirmed in a statement on Saturday. Italy’s state-run RAI reported Francis…
Egypt cracks into FIFA’s top 20 football teams worldwide, topping African teams
Egypt cracked into the 20th spot of FIFA’s latest worldwide rankings, released last week, eNCA reports. Eight spots ahead of…
Egypt and Russia agree on draft text for security protocol, date of signing yet to be set -Russian transport minister
Russia and Egypt have given a preliminary nod to a draft of the travel security protocol they are meant to…
Earnings watch
** EARNINGS WATCH: Top dairy and juice products maker Juhayna reported that “severe inflationary pressures on the company’s cost base…
Amer hires EFG Hermes, Matouk Bassiouny for GDR issuance
Amer hires EFG Hermes, Matouk Bassiouny for GDR issuance: Real estate developer Amer Group Holding has hired EFG Hermes to…
Egypt still in talks with Singapore’s PSA International over East Port Said container terminal
Egypt is back in talks with Singapore’s PSA International to build and manage acontainer terminal in East Port Said, the…
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