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Carbon Holdings nets USD 25 mn investment from Africa Finance Corporation
The Africa Finance Corporation will invest USD 25 mn in Carbon Holdings Ltd, the multibn USD petrochemicals project led by…
Toyota could source parts in Egypt for potential Saudi auto factory
Toyota could be sourcing parts from Egypt and Turkey to develop a potential auto factory in Saudi Arabia, Reuters reports.…
Amazon reportedly re-starts negotiations to acquire Souq.com
Zooming out to a regional scale: Amazon could be buying Souq.com after all. Seattle-based Amazon has reportedly restarted talks to…
ADM’s Swiss unit looking to buy NCMP
M&A WATCH- Archer Daniels Midland (ADM)’s Swiss unit is seeking to buy a stake in Egyptian sweeteners-maker National Company for…
Focus on transparency and removing bureaucracy, Ghanem tells Egypt
Egypt’s next set of economic reforms should “focus on making its bureaucracy more transparent for investors,” World Bank MENA Vice-President…
Positive reversals in banking sector’s earnings hint at lower political risks in Egypt
Do bank shares point to reduced political risk in Egypt? That’s the contention of BloombergGadfly’s Christopher Langer, who writes that…
Yields on treasuries fall on Thursday
Average yields on Egypt's one-year and six-month treasury bills dropped at an auction on Thursday, according to Reuters. The 182-day…
Inflation rates above 30%, m-o-m rates start to ease
Inflation is now easing month-on-month despite having broken the 30% barrier on a y-o-y basis,according to data from the CBE,…
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