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Court drops corruption case against Hussein Salem
The Alexandria Criminal Court dropped a corruption lawsuit against Mubarak-era businessman Hussein Salem, his family, and 11 other defendants on…
Speed Round
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Eissa questioned over charges of insulting parliament
TV presenter Ibrahim Eissa was summoned for questioning at the Prosecutor General’s office yesterday, Al Masry Al Youm reports. Eissa’s…
General Intelligence hires Weber Shandwick as DC lobbyist as State Department criticizes Egypt’s human rights record
Egypt’s General Intelligence Service hired Weber Shandwick to lobby on Egypt’s behalf in the US for USD 1.2 mn, according…
Payfort, Wamda to collaborate on MENA fintech report
Online payment provider Payfort and entrepreneurship platform Wamda are collaborating on publishing the first fintech research report in the MENA…
Earnings Watch
**Earnings watch: Talaat Mostafa Group Holding (TMGH) reported consolidated net profits of EGP 826 mn in FY2016, up from EGP…
Abbas Fayed named Bank Audi Egypt’s new Chief Executive Officer
MOVES- Abbas Fayed was named Bank Audi Egypt’s new Chief Executive Officer on Sunday, according to Al Borsa. Fayed had…
EGX chief given power to suspend traders suspected of manipulation for up to one month
EGX boss Omran granted powers to suspend brokers for up to a month: The EGX board approved on Sunday granting…
EUR 238 mn Siemens contract 85% financed by BNP Paribas, used ECA-backed funding
The EUR 238 mn contract signed with Siemens for six power transmission stations was 85% financed by foreign loans led…
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