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Earnings Watch: Eastern Tobacco restates FY2016-17 net profit
EARNINGS WATCH- Eastern Tobacco restated its FY2016-17 net profit after tax to EGP 1.78 bn, from the EGP 1.74 bn…
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Egypt, Vietnam agree to increase bilateral trade to USD 1 bn
Egypt, Vietnam target growing bilateral trade to USD 1 bn: Egypt and Vietnam want to triple bilateral trade to USD…
Cabinet approves amended Water Act
The Ismail cabinet gave the green light yesterday to an amended Water Act, according to an official statement. The law…
Government to send SMEs law to the House for approval in October
The Ismail government is planning to send legislation regulating small- and medium-sized enterprises to the House of Representatives when MPs…
Egypt says it’s ready to sign aviation security protocol with Russia -Russian Transport Minister
Egypt told Russia that it’s ready to sign an aviation security protocol that should “theoretically” precede the resumption of air…
Tax revenues for FY2016-17 exceed targets for the first time ever by c. 33%
Tax revenues for FY2016-17 exceed targets for the first time ever by around a third: Egypt exceeded its targeted tax…
PMI records joint 23-month high
The good news continues: August’s Markit / Emirates NBD PMI for Egypt rose to a “joint” 23-month high with a…
Foreign reserves at new record high of USD 36.143 bn
Foreign reserves charting new highs: The central bank’s net international reserves increasedto USD 36.143 bn in August, up fractionally from…
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