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Occupancy rates rise in 1Q as travel restrictions ease
The easing of travel restrictions was good news for Egypt’s hotel industry during the first quarter of the year, which…
THIS MORNING: Worst day for global stocks since June 2020; It’s inflation day here in Egypt
Good morning, friends, and happy hump day. We have a really packed issue for you today, so let’s jump right…
THIS EVENING: Businesses have until after Eid to submit corporate taxes + Non-oil exports rose by 20% y-o-y in 1Q2022 + BTC becomes official currency in CAR
Well, friends, we’ve made it through the last workday of Ramadan and we’re being rewarded with what we think is…
Charges brought against the man behind the invisible whale
Archegos founder, CFO arrested on 11 criminal counts, including security fraud: Archegos Capital Management founder Bill Hwang and CFO Patrick…
Steel prices are starting to cool off + Elsewedy inks electric motors agreement
Ezz Steel has lowered steel rebar prices by 4%, marking the first drop in price since Russia’s invasion of Ukraine…
Egypt in the News: Human rights + reviving history
Human rights is getting more attention: The AP reports that several political activists, journalists and lawyers have been released from…
Twitter’s board greenlights Musk’s takeover bid
Looks like Elon Musk is buying Twitter after all: The Twitter board has okayed the Tesla boss’ offer to fully…
Our first shipment of Indian wheat sets sail soon
We’re getting our first shipment of Indian wheat soon: Around 55k tonnes of Indian wheat will be loaded from India’s…
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