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GASC amends wheat terms to get back in on the good graces of global wheat traders
GASC amends wheat terms to get back in the good graces of global wheat traders: The General Authority for Supply…
Speed Round
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Heliopolis Housing plans to sell additional shares on the EGX by year’s end
IPO WATCH- State-owned Heliopolis Housing plans to sell additional shares on the EGX by year’s end, Al Mal reports. The…
Military to build USD 2 bn solar panel manufacturing facility with Chinese partner
INVESTMENT WATCH- Military to build USD 2 bn solar panel manufacturing facility with Chinese partner: The Military Production Ministry is…
UAE’s NMC Healthcare looking at further Egypt opportunities
INVESTMENT WATCH- UAE-based hospital operator NMC Healthcare is eyeing growth in Egypt, which it sees as “a very interesting and…
FX reserves enough to cover nine months of imports.
Egypt now has FX reserves on hand sufficient to cover nine months of imports, CBE Tarek Amer said in a…
Egypt achieves EGP 2 bn primary budget surplus during 11M17-18
Egypt delivered a primary budget surplus of EGP 2 bn in 11M17-18, compared to a deficit of EGP 47 bn…
Electricity prices to rise an average of 26% as early as next month
Electricity prices are jumping by an average of nearly 21% for households, more than 40% for industry: As of the…
Jordan gets USD 2.5 bn aid package from GCC allies after austerity protests
Saudi Arabia, Kuwait, and the UAE have pledged USD 2.5 bn in aid to Jordan after protests against proposed tax…
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