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Supply Ministry to rework bread subsidy system in six months, sticks to its guns on price printing
The Supply Ministry has plans to rework the country’s bread subsidy system by May 2018, Minister Ali El Moselhy announced…
Egypt to receive first tranche of Russian loan for Dabaa in January -sources
Egypt will reportedly receive the first tranche of a loan from Russia for the construction the Dabaa nuclear power plant…
Cleopatra Group’s Nile Badrawi placed under Nile Transport Authority’s administrative control
Cleopatra Hospital Group’s Nile Badrawi Hospital has been served with a court order placing it under the Nile Transport Authority’s…
House Economics Committee looks into Companies Act
LEGISLATION WATCH- The House of Representatives’ Economic Affairs Committee has started looking into amendments to the Companies Act, Ahram Gate…
Ibnsina shares pop 16% in EGX debut
IPO WATCH- Shares of Ibnsina Pharma debuted on the EGX yesterday under the stock symbol ISPH.CA, rising 16% to EGP…
Arby’s to open 50 restaurants in Egypt in 2018?
INVESTMENT WATCH- Arby’s is coming back to Egypt. Atlanta fast food chain Arby’s signed a development agreement to open 50…
TBEA Sunoasis to invest in EGP 2 bn PV solar panel factory
INVESTMENT WATCH- China’s TBEA Sunoasis will be investing in a EGP 2 bn in a PV solar panel manufacturing plant…
Don’t get your hopes up for a big pay raise in 2018 — but do expect Egyptian banks to do better than their African competitors next year
Employees in Egypt, Albania, and the UK can apparently kiss their 2018 pay raises goodbye, as HR consultancy Korn Ferry…
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