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Greek parliament to cast final vote on East Med accord on Thursday:
Greece’s parliament to cast final vote on EastMed accord with Egypt today: The Greek parliament will be casting votes on…
Consumers are complaining about prepaid electricity meters
Prepaid electricity meter users are complaining that they are being overcharged for their consumption, according to the local press. Consumers…
Cabinet approves in principle amendments to VAT Tax Act, fees for university examinations
CABINET WATCH- Could we finally be getting the VAT lottery? The Madbouly Cabinet gave a preliminary sign off on a…
Earnings Watch- Orascom Construction reports USD 9.5 mn in net profit in 2Q2020
EARNINGS WATCH- Orascom Construction (OC) profits dropped to USD 9.8 mn 2Q2020, down from USD 31.3 mn in 2Q2019, the…
Talks over a USD 100 mn Thai paper factory in Alexandria have broken down due to covid
INVESTMENT WATCH- Covid’s effects on the wider economy continue, however, with talks over a USD 100 mn Thai paper factory…
Medical supplies flood Egypt’s market, while demand falters
Sales of medical supplies — masks in particular — dropped in August, and are returning to pre-covid levels, said Mohamed…
IMEX Int’l plans to acquire over 50% of Egypt’s Nile Cotton Ginning
M&A WATCH- Energy trading company IMEX International is planning to acquire at least 50% of Nile Cotton Ginning, according to…
Egypt buys record quantity of wheat from Russia in int’l tender
State grain buyer GASC made a near-record wheat purchase from Russia on Tuesday, picking up 530k tonnes in a tender…
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