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Government has no choice but to hike fuel prices in July
Higher fuel prices in July look like they might be reality, unnamed Petroleum Ministry officials tell AMAY. With a projected…
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Tourist arrivals up by 51% y-o-y in 4M2017
Back to the revival of tourism, where the number of tourists arriving in Egypt rose 51% year-on-year in the first…
Foreign investments in T-bills up 7% in one week to EGP 155.9 bn
The string of positive figures carried into the Egypt’s debt market, where apparently, foreigners increased their holdings by 7% in…
BoP registers USD 11.0 bn in first three quarters of the year -CBE
Egypt’s balance of payments netted USD 11.0 bn in the first three quarters of FY 2016-17, of which USD 9.0…
CBE lifts restrictions on USD bank transfers abroad
The central bank has officially scrapped all caps placed on bank transfers abroad. The central bank instructed that all restrictions…
US Attorney General denies he partook in back-channel talks with Russia
Sessions denies involvement with Russia: US Attorney-General Jeff Sessions denied during a Senate hearing yesterday that he was party to…
Uber CEO Travis Kalanick is out
Uber CEO Travis Kalanick is out: Travis Kalanick told staff he plans to take a leave of absence and has…
Dana Gas debt-restructuring takes another twist
Dana Gas debt-restructuring takes another twist: Dana Gas plans to restructure its USD 700 mn of sukuks after its board…
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