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Egypt swears five new governors, nine new ministers
Nadia Abdo Saleh became Egypt’s first female governor after she was appointed governor of Beheira on Thursday, a cabinet statement…
Speed Round
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Obour Land to increase investments
Meanwhile, Cheese maker Obour Land announced it could reduce prices by up to 15% if the EGP continues to appreciate…
Juhayna to cut investments in 2017 because of eroding purchase power
Juhayna is cutting investments in 2017 because it believes Egyptian consumers’ purchase power is being eroded, Ehab Farouk writes for…
Egypt needs to ditch the JV system for oil and gas producers, Apache’s regional VP says
Egypt’s oil and gas sector needs a 21st century revamp, James House, senior regional vice president of Apache told Platts.…
Nestlé pays EGP 364.88 mn for Caravan
M&A Watch- Nestlé SA has closed the acquisition of Caravan Marketing Company on Thursday when it paid EGP 364.88 mn…
MM Group to list shares in March -Beltone
IPO Watch- MM Group for Industry and International Trade will list 25% of its shares on the EGX in March,…
EGP float bearing fruit in agricultural exports
Demand for Egyptian agricultural exports is rising: Demand is up and new markets are opening for agricultural exports four months…
International optimism about Egypt’s economy continues
International optimism about Egypt’s economy continues: Economists at Bank of America Merrill Lynch see declining bond yields as one of…
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