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Regulators just greenlit Egypt’s first ever gold investment fund. PLUS: Data center upgrade, new Sawari tech fund, oil + gas exploration.
Gold prices have surged 60% this year on ongoing economic uncertainty
Telecom Egypt appoints new CEO after Adel Hamed submits resignation
Hamed steps down after 4 years as TE’s CEO
Agthia wants to make Egypt into an export hub. PLUS: news from the Suez Canal, SEII, Agility and telecoms
Agthia acquired a majority stake in Auf Group last year
Could investors submit bids for TE before Ramadan?
Investment banks are in talks with Gulf and other regional investors
The gov’t is reportedly mulling a 10% stake sale in TE
CI Capital and Al Ahly Pharos are managing the sale.
A rainy post-Valentine’s
Good morning, wonderful people, and a very happy almost-THURSDAY. We have an absolutely stacked issue for you this morning, so…
THIS MORNING: Now is not the moment to raise wage taxes
Good morning, friends, and welcome to a reasonably quiet Valentine’s Day (at least on the news front). Setting the tone…
More private-sector involvement in the aviation industry?
TRANSPORT- Egypt’s aviation sector could see more private-sector involvement: State-owned flag carrier EgyptAir will work more closely with private-sector airlines…
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