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THIS MORNING: It’s ECB rate day + Madbouly drums up investment interest
It’s an eerily quiet news day, the likes of which we haven’t seen in what feels like many eons —…
Current account deficit narrows in 2Q 2021-2022
Egypt’s current account deficit narrowed to USD 3.8 bn in 2Q 2021-2022, from USD4.8 bn in the same period last…
LuLu plots UAE IPO next year
Middle East supermarket giant Lulu Group International could IPO in the UAE next year, Bloomberg reports, citing people familiar with…
Gov’t targets USD 7 bn oil FDI in 2022-2023
The Oil Ministry wants to attract USD 7 bn of foreign direct investment (FDI) into the oil and gas sector…
Global FDI surges 77% in 2021; above pre-pandemic levels
Global FDI rebounds in 2021: Global foreign direct investment eclipsed pre-pandemic levels in 2021, rising 77% to USD 1.65 tn…
Expect a decision by March on how bread subsidies will be reworked -Moselhy
Subsidies were the topic of the night on the talkshows as Supply Minister Ali El Moselhy phoned into Ala Mas’ouleety…
Qalaa looking at Africa, says ERC still in talks on debt restructuring
Qalaa Holdings is looking to expand its investments in African mining and energy firms, including in Tanzania, Mozambique and Ghana,…
Zoomcar to invest USD 50 mn in three years
Car rental company Zoomcar is looking to double its investments in Egypt to USD 50 mn in the coming three…
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