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Elnaggar appointed ECHEM Chairman
MOVES- Yasser Elnaggar was appointed Chairman of the Egyptian Petrochemicals Holding Company (ECHEM), Al Mal reported. Elnaggar was Deputy Chief…
Speed Round
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Al Rashed did not exit Egypt, restructures holdings under subsidiary
Saudi conglomerate Al Rashed did not exit its investments in Egypt, as was reported incorrectly in some media outlets yesterday.…
Consumer Protection Act will impose stricter penalties on hoarding of goods
The Consumer Protection Act will enact more stringent penalties for hoarding and price gouging, warned Prime Minister Sherif Ismail. He…
CBE says remittances since flotation increased by 19.7% y-o-y, up 23% in January
The Central Bank of Egypt announced that preliminary data shows remittances of Egyptians abroad having increased by 23% y-o-y in…
Egypt seeing positive impact of devaluation, employment will be slower to rebound
Emirates NBD Global Chief Economist and Head of Research Tim Fox follows up on the PMI results by saying Egypt…
Expenditures on the FY2017-18 budget may surpass EGP 1 tn for the first time
Expenditures on the FY2017-18 budget may surpass EGP 1 tn for the first time, Al Ahram reports, citing unnamed Finance…
Investment disputes settlement committee reaches settlement with Utsch in arbitration cases filed against Egypt -Exclusive
The Ministerial Committee for Settlement of Investment Disputes is finalizing a draft settlement agreement with Germany’s Utsch AG over its…
DFM launches first trading platform
Dubai Financial Market (DFM) launched a trading platform for exchange-traded funds (ETFs), the first of its kind in regional capital…
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