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Fitch upgrades Egypt’s long-term credit rating to ‘B+’ with a stable outlook
Fitch Ratings has upgraded Egypt’s long-term foreign-currency issuer default rating to ‘B+’ with a ‘stable’ outlook. The agency said that…
Enterprise poll: CBE could cut rates by up to 100 bps this Thursday
SURVEY- CBE could cut key interest rates this Thursday: The Central Bank of Egypt (CBE) could cut its key interest…
Regional news on 21 March 2019
It may be a relatively slow news day here at home, but there’s plenty happening in regional politics this morning:…
Cairo is the 12th most “forgetful” city in the world, according to Uber
Cairo is the 12th most “forgetful” city in the world, and Egyptian Uber customers were the most forgetful on 31…
Raya Holding reports FY2018 earnings, names Ahmed Hassan and Hossam Hussein as IR managers
EARNINGS WATCH- Raya Holding reported a net profit of EGP 89.1 mn in 2018, down from EGP 103.2 last year,…
Egypt’s oil and gas blocks represent an intrusion into Sudanese territory, says Khartoum
Sudan grumbling about Halayeb oil exploration blocks: Oil and gas blocks in the Red Sea’s Halayeb offered by Egypt for…
Cabinet Economic Group reviews Egypt’s preliminary FY2019-20 state budget
The Cabinet economic group met yesterday to review a preliminary draft of the FY2019-20 state budget, according to a Cabinet…
Egypt to collect taxes under new banking treatment quarterly, not monthly
EXCLUSIVE- Gov’t to collect taxes from new banking tax treatment quarterly, not monthly? The government will likely collect taxes from…
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