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iPhone and perfume bottles caused EgyptAir MS804 cockpit fire, say French investigators
Did an iPhone bring down MS804? The French investigation into the crash of EgyptAir flight MS804 from Paris to Cairo…
Speed Round
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Eastern Company raises prices of Cleopatra cigarettes
Eastern Company has raised the prices of Cleopatra cigarettes by EGP 0.25-1.50 per pack, blaming FX pressure of the move,…
The movable guarantees law exec regulations are positive, need clarity –Sharkawy & Sarhan
Our friends at the Sharkawy & Sarhan law firm published their take on the executive regulations of the movable guarantees…
New regulations on M&A, private placements in the pipeline
New regulation is in the pipeline for the financial industry, with mergers and acquisitions and private placements set to come…
Regulations to write-off expenses incurred in sourcing FX from the parallel market coming “soon”
Businesses will soon learn how they can treat for tax purposes the discrepancy between what they paid for FX in…
Egypt’s gas sector to change profoundly within five years
Egypt’s natural gas sector is “on pace for a profound change in the next five years,” consultant Wood Mackenzie says.…
40 mn people will be removed from supply subsidies system in phase two of purge
The second phase of the Kramer purge will remove 40 mn people from the supply smart card subsidies system, bringing…
Banque du Caire to IPO in April or May
Pencil in 2Q2017: Banque du Caire’s IPO will be in “April or May” of this year, Al Mal reported. Issuance…
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