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Kuwait suspends imports of some Egyptian produce due to high level of pesticides
It is beyond time to clean up our act as another country bans imports of our produce: The Kuwaiti government…
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EPPC planning to invest USD 1 bn in expansions next year
INVESTMENT WATCH- The Egyptian Propylene & Polypropylene Company (EPPC) is planning to invest USD 1 bn in expansion during the…
Lekela Power to close contracts on USD 350 mn wind farm project within two months
INVESTMENT WATCH- Lekela Power, the pan-African renewable operator that is reportedly 60% owned by funds controlled by emerging markets private…
M&A Watch: PICO’s Cheiron acquires 50% stake in Sahara North Bahariya Ltd.
M&A WATCH- Our friends at PICO are on a tear this week: PICO Group subsidiary Cheiron Egypt acquired a 50%…
US sends Egypt first wheat shipment in four months
Egypt has bought US wheat for the first time in four months, Bloomberg reported. US authorities “inspected 51,603 tons of…
Earnings watch: Arabian Cement Company reports 1Q2017 results
EARNINGS WATCH- Arabian Cement Company reported a 75% y-o-y increase in net income to EGP 59.7 mn in 1Q2017, up…
Tarek Nour ridicules notion of Ikhwan connection, says state intervention in economy should be temporary
Advertising and media mogul Tarek Nour gave Al Masry Al Youm a wide-ranging interview yesterday. Nour said claims he has partnered…
Central Bank to further facilitate SME funding with new policies this month -Negm
The Central Bank of Egypt is planning to announce new policies during May to improve access to finance for small…
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