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Another electric train project + Swvl says anticipated turn to black will save it from Nasdaq delisting
PPP electric train to connect ports: The National Authority for Tunnels, El Didi Group and Gama Construction signed an MoU…
High-interest CDs are all the rage + rare earths in Egypt get global attention
Banks are issuing high-interest CDs to help them cushion the impact of the CBE’s new reserve requirements. A number of…
Gouna’s Uri-Schule opens first building + HSBC’s advisory arm gets tub tubs
Swiss education lands in Gouna: Naguib and Samih Sawiris last week inaugurated the first building of the Uri-Schule El Gouna…
Egypt in the News: Deja vu
It’s more of the same for Egypt in the international press as scribes rehash some of their favorite topics: The…
Investors show interest in state-owned hotels
Investors are lining up to snag shares in state-owned hotels: Several unnamed international investors and investment funds have submitted offers…
Last Night’s Talk Shows: More on the ramifications of the FX shortage
It was a quiet night on the airwaves last night, as the talking heads chewed over the consequences of an…
Last Night’s Talk Shows: New foreign withdrawal limits + More on privatization
New foreign withdrawal limits imposed by some local banks headlined last night’s talk shows. Veteran banker Sahar El Damaty urged…
CBE move to raise up reserve requirements “logical,” says HSBC Egypt CEO
The Central Bank of Egypt’s decision to increase the reserve ratio to 18% was “logical” given current global economic conditions,…
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