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Budget discussions kick-off at the House
Finance and planning ministers talk FY2017-18 budget with the House: House of Speaker Ali Abdel Aal referred the Ismail government’s…
SPEED ROUND
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El Mekkawy appointed Chairman and Managing Director of Porto Group
CORRECTION- Mohamed El Mekkawy was appointed chairman and managing director of Porto Group, according to a bourse disclosure. He succeeds…
Earnings Watch: OTMT
EARNINGS WATCH- Orascom Telecom Media and Technology (OTMT) reported a consolidated net profit of EGP 897.5 bn in 2016, a…
Credit Agricole Egypt appoint Assem Ragab as Chairman
MOVES- Credit Agricole Egypt has appointed board member and Mubarak-era GAFI chairman Assem Ragab as the bank’s non-executive chairman. Francois…
House postpones vote on 10% social welfare raise over Article 5
In clash with cabinet, House postpones vote on 10% hardship raise for state employees not covered under theCivil Service Act:…
Beltone looking to top brokerage leagues, double AUM -Azab
Beltone Financial is looking to become the nation’s largest brokerage hours and double its assets under management to EGP 50…
Lufthansa increases Egypt flights to 33 a week
Lufthansa increases Egypt flights to 33 a week: Yesterday, we told you the Germans were back. Today, we have additional…
Electrostar invests EGP 150 mn in two manufacturing plants as it looks to deepen relationship with Haier
Mmm… We love the smell of investment in the morning. The drumbeat of investment news continues as white goods manufacturer…
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