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Qatar amends terrorism laws in a bid to dispel charges of supporting terrorism
Qatari Emir Tamim bin Hamad al-Thani issued a decree on Thursday amending the country’s anti-terrorism laws in a bid to…
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NBK Egypt earnings for 1H2017
EARNINGS WATCH- The National Bank of Kuwait - Egypt reported a 78.4% year-on-year jump in net profit during 1H2017, which…
Housing Ministry to issue immediate 10% downpayment on compensation to contractors
Housing Ministry to issue immediate 10% downpayments on compensation to contractors: Contractors being compensated for losses incurred on government contracts…
Moody’s affirms Egypt’s B3 rating, outlook stable
Moody’s affirmed Egypt’s B3 rating with a stable outlook, saying the IMF’s review of the country’s economic reform program is…
Poverty line expected to rise due to economic reform measures
Egypt’s poverty line is expected to rise to EGP 700-800 during FY2017-18, up from EGP 482 amid the impact of…
Cabinet approves amendments to ACA law during weekly meeting
The Ismail government approved on Thursday amendments to the law regulating the Administrative Control Authority (ACA), granting the nation’s top…
Employees at subsidy smart card manufacturer arrested, charged with graft worth up to EGP 60 mn
Remember last year’s exposé of corruption in the wheat subsidy smart card system by Reuters’ Eric Knecht? On Thursday, the…
Tax Authority signs off on new income tax breaks
Tax Authority signs off on new income tax breaks: Tax Authority boss Emad Samy signed off on income tax breaks…
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