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Agriculture Ministry issues tightens regulations for GCC food exports
Companies exporting food to the GCC face new regulations imposed Wednesday by the Agriculture Ministry after the Kuwaiti government suspended…
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CIB, PHD post record earnings
EARNINGS WATCH- CIB delivered record top- and bottom-line performances to start 2017 as it released its first quarter earnings late…
Local investment banks bid for Enppi’s listing
IPO WATCH- Investment banks including Pharos Holding, HC, Cairo Financial Holding, and Prime are bidding for a piece of Enppi’s…
EKH subsidiary bids for stake in NCMP
M&A WATCH- The bidding war for NCMP is heating up: Egypt Kuwait Holding (EKH) subsidiary International Financial Investments Company (IFIC)…
Continued FCO warnings drive Thomas Cook to cancel planned flights to Sharm El Sheikh
Tour operator Thomas Cook has canceled its Sharm El Sheikh holiday bookings for the winter of 2017-18. It has also…
BP announces first gas from West Nile Delta concession 8 months ahead of schedule
Production from BP’s Taurus and Libra fields in the West Nile Delta concession began on Wednesday, eight months ahead of…
FX problems in Egypt starting to fade -Bloomberg
The easing of bank restrictions on credit card usage abroad is another sign that the foreign exchange problems “have finally…
Inflation grows at slowest monthly rate since flotation
Egypt’s monthly inflation rate fell for a third month in a row after rising by just 1.7% in April compared…
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