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Weber Shandwick withdraws from contract with Egypt
Global PR outfit Weber Shandwick is withdrawing from a public relations contract with Egypt six months after signing, PR Weekly…
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France joins Western attempts to resolve the Qatar crisis
US companies operating in any one of the four countries boycotting Qatar could run afoul of American anti-boycott laws if…
Oil Ministry announces winners of Western Desert concession
Apache, Shell, and Apex among the winners of Oil Ministry’s Western Desert oil exploration tender: The Oil Ministry is expecting…
OTMT eyeing new investments in 2017 thanks to strong liquidity position
Orascom Telecom Media and Technology (OTMT) is planning to use c. EGP 3 bn of excess liquidity to grow its…
EFSA issues new financial solvency regulations for brokerage and securities’ firms
EFSA issues new financial solvency regulations for brokerage houses: The Egyptian Financial Supervisory Authority (EFSA) has issued new financial solvency…
Nile Financial Leasing to IPO in 4Q17
IPO WATCH- Nile Financial Leasing is planning to list 25-40% of its shares on the EGX in 4Q17, company chairman…
Banque Du Caire’s IPO limited to 20%
IPO WATCH- It seems state-owned Banque du Caire will list no more than 20% of its shares during its upcoming…
Foreign investments in Egypt’s debt remains strong
Meanwhile, foreign interest in Egyptian debt remains strong. Foreign holdings of Egyptian debt topped EGP 204 bn (USD 11.4 bn)…
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