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Al Futtaim investing EGP 4 bn into Cairo Festival City in 2017
Al Futtaim Real Estate has allocated EGP 4 bn towards investments into Cairo Festival City in 2017, Managing Director Mohamed…
Speed Round
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EGP float impacts international companies, Savola, Schlumberger report impairment charges
The impact of the EGP float on international companies’ bottom lines is starting to show: Savola Group recorded a larger-than-expected…
Suez Canal revenues fall in 2016
Suez Canal revenues dropped by USD 170 mn y-o-y to record USD 5.01 bn in 2016, Reuters’ calculations showed. The…
New investments lined up at Davos
The tally from Davos: Like that favorite uncle who comes home from abroad bearing gifts, the Egyptian delegation to the…
Air France receives approval to repatriate profits, takes devaluation hit
Air France was allowed to repatriate some of its profits in Egypt abroad, but had to absorb the impact of…
CPA refers Jumia to prosecution over unlicensed meds sales
The Consumer Protection Authority (CPA) has referred e-commerce platform Jumia to prosecution for offering unlicensed painkillers after a customer shopping…
Vodafone Egypt claims it has met all conditions to roll out 4G nationwide, MNOs asked to halt 4G trials on 3G bandwidth
Vodafone becomes first company authorized to launch 4G nationwide: Vodafone Egypt announced that it has met all the necessary conditions…
Trade and Industry Ministry’s export strategy for Africa shows bns in missed export opportunities
The Trade and Industry Ministry has its strategy to develop export markets in Africa, said minister Tarek Kabil. The strategy…
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