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Germany lifts altitude restriction on flights to Sharm El Sheikh
The Egyptian embassy in Berlin has successfully managed to get Germany to lift restrictions to flights to Sharm El Sheikh,…
Speed Round
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Investment Act will be with the House
In other legislative news, the Egyptian Council of State (Maglis El Dowla) has completed reviewing the Investment Act and will…
Car importers to send House report with their requests for automotive directive
Auto importers look to dominate the debate on the automotive directive: Car importers and auto feeders are looking to stake…
TCI Sanmar could be looking to increase investments in Egypt to USD 1.5 bn
India’s TCI Sanmar Chemicals is looking to increase its investments in Egypt to USD 1.5 bn from USD 300 mn…
Nasr discusses borrowing USD 400 mn from World Bank
Egypt asks World Bank for USD 400 mn in funding? International Cooperation Minister Sahar Nasr discussed with Asad Alam, the…
Cairo-Riyadh talks over second tranche of USD 1.5 bn loan from Saudi stalled after island ruling -sources
Talks between Cairo and Riyadh for the second tranche of the USD 1.5 bn loan to develop the Sinai are…
Direct payment can help the needy better than subsidies
Subsidies are a very inefficient way of helping the poor, especially with fuel subsidies, writes Patrick Werr for The National.…
USD 4 bn from eurobond sale, capital gains tax postponed for three years
Egypt raised USD 4 bn across three tranches from its recent eurobond sale, Finance Minister Amr El Garhy told Bloomberg…
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