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Gov’t ramps up efforts to clear import backlog following currency float
USD 12 bn of goods have been released since the start of 2024
El Sisi issues directives for “immediate” release of goods stuck at port
Good morning, folks. As we approach the start of Ramadan, privatization news keep rolling in and we’re hearing more reports…
Infinity to charge BMW EVs in Egypt. PLUS: Africa tariff cuts ratified, onion export ban, another wheat buy, and a West Cairo BRT could be in the making.
Infinity aims to increase its charging stations to 300 by 2024
Parkville Pharma factory to open this month
It took six years and EGP 150 mn to build the factory
Foreigners can get 50% more alcohol at duty-free stores
Buyers will face higher fees on the third liter
The Suez Canal, Al Ahly’s win and the Mauritanian president’s visit all received coverage on the nation’s talk shows
The health of Pope Tawadros II, taxes on Google services and the first leg of the CAF Champions League final…
Disruptech to invest USD 5 mn in local fintechs this year. PLUS: real estate in new cities, delayed customs clearance fees
A number of international investors have committed funds to the VC’s USD 36 mn fintech fund
THIS MORNING: Privatization program could pick up after Eid -reports. PLUS: EgyptAir reschedules flights thanks to daylight saving time
Suitor for United Bank sale reportedly set to be chosen right after Eid
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