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Wheat prices dropping internationally spark interest of Egyptian buyers
The wheat market has turned bearish as the prospect of another season of ample supply has sent prices plunging with…
SPEED ROUND
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Earnings watch: Elsewedy Electric
EARNINGS WATCH- Elsewedy Electric posted net profit after minority interest of EGP 3 bn for 1H2017 (up 84.6% y-o-y) on…
Government announces incentives for shipping companies
Ship lines get port fee break as gov’t looks to restore competitiveness: The Ismail government will be providing shipping companies…
Gov’t could issue up to USD 4 bn in eurobonds in January
The Finance Ministry is weighing raising up to USD 4 bn eurobond issuance in January, an official said, according to…
Air Berlin files for insolvency, flights to continue for now
German carrier Air Berlin has filed for insolvency “after its main shareholder Etihad declared it would not be providing further…
Earnings Watch: EFG Hermes, Beltone Financial, OTMT, Orascom Development Egypt, TE, Domty
EARNINGS WATCH- EFG Hermes reported a net profit after tax and minority interest from continued operations of EGP 395 mn…
Government inks agreement with China’s AVIC for electrical rail line
China’s AVIC lands Salam City-New Capital electric rail contract: The National Authority for Tunnels (NAT) signed an agreement yesterday giving…
Sahar Nasr meets with EBRD in London, tells CNBC economic reforms are paying off
Nasr talks future cooperation with EBRD officials in London: Investment Minister Sahar Nasr met top officials at the European Bank…
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