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Eastern Company cancels heated tobacco investment to conserve FX
Eastern is saving its hard currency to produce cigarettes amid the FX crunch
New EgyptAir flights to UK, India
The new flight routes will launch during the summer
New finance for Air Cairo + IFC support for microlenders
AfreximBank is lending USD 44 mn to help fund new planes for Air Cairo
FinMin announces temporary VAT exemption on imported machinery and equipment. PLUS: Microfirms can borrow more, new PwC center,
Ministry didn’t disclose how long the exemption will remain in place
El Nasr’s search for an EV partner continues
El Nasr has been searching for a partner for years
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
THIS MORNING: Shoukry in Athens — then Ankara? + Red Devils clinch the Egypt Cup
Turkey’s top diplomat says he and Shoukry will discuss resuming ties
EgyptAir to increase flights to China. PLUS: Green hydrogen, oil exploration and a new startup fund
EgyptAir relaunched flights to China last week.
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