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Egyptian cotton seeing revival following Welspun scandal
Egyptian cotton sees a revival? The crackdown on “fake” Egyptian cotton worldwide and increase in domestic prices are helping revive…
Schneider Electric appoints new regional director
MOVES- Schneider Electric appointed Walid Sheta as Regional Cluster Head of North East Africa and Levant, a regional grid including…
BP completes acquisition of 10% of Eni’s stake in the Zohr gas field
BP completes acquisition of 10% of Eni’s stake in the Zohr gas field: Petroleum Minister Tarek El Molla, Eni CEO…
Egypt reduces imports by 15.5% y-o-y in January -sources
The nation’s import bill fell 15.5% y-o-y in January to USD 3.8 bn from USD 4.5 bn the year before,…
Public sector salary payment to switch from cash to electronic system on 15 April
Elsewhere, the Finance Ministry has reportedly set 15 April as the deadline for all public-sector employees to be paid through…
Finance Ministry considers canceling fixed customs exchange rate as EGP strengthens
The Finance Ministry is reportedly looking at moving to a floating exchange rate for customs, an unnamed government official tells…
High-ranking Russian official to head delegation in spring visit to discuss flight resumption
Russian delegation to talk flights as deadline for Daba’a contracts approaches. A delegation of Russian officials headed by Federation Council…
Yields on Egyptian treasury drop, yield curve flattens
Economic green shoots: The average yield on Egypt’s five-year bond dropped by 80 bps to 16.676% and the 10-year bond…
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