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Mubarak-era Tourism Minister acquitted of corruption charges
The Cairo Court of Cassation acquitted Mubarak-era Tourism Minister Zoheir Garana of charges of corruption, profiteering and squandering public money…
Speed Round
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33% of Egyptians approve of Sherif Ismail as Prime Minister
33% of Egyptians apparently approved of keeping Sherif Ismail on as prime minister after the latest cabinet shuffle, according to…
Final contracts for Daba’a power plant to be signed in 2H2017
The final contracts with Russia for the Daba’a nuclear power plant won’t be signed until the second half of the…
Second tranche of IMF loan to come in June now visit has been pushed to April - Jarvis
Egypt can expect to receive the second USD 1.25 bn tranche of the USD 12 bn IMF extended fund facility…
Is Saudi Foreign Minister Adel Al-Jubeir coming to Cairo next week?
Is rapprochement with Saudi Arabia in the cards? Senior Egyptian and Saudi officials are laying the groundwork for a visit…
Tanmiya Capital Ventures announces new partner
MOVES- Youssef Ayoub has joined Tanmiya Capital Ventures (TCV), the mid-cap private equity firm, as a managing partner. TCV’s other…
SODIC reports record earnings in 2016
SODIC announced record results yesterday with net profit after tax and minority interest coming in at EGP 429 mn for…
Subsidy system purge put on hold, ministry to pursue structural reforms first
Subsidy system purge on hold? Supply Minister Ali El Moselhy reportedly plans to pursue structural reforms to the subsidy system…
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