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More signs of an ailing auto industry: Job, production cuts, rise of counterfeit spare parts
Layoffs, assembly slowdown in auto industry? The auto industry is apparently going through a spate of layoffs, with 10-15% of…
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Scatec Solar signs 25-year PPA for six solar power plants
Norway’s Scatec Solar signed a 25-year power purchasing agreement with the Electricity Ministry to supply energy from six solar power…
Production sharing agreements for gold exploration has failed -El-Raghy
With tomorrow’s deadline for the Egyptian Mineral Resources Authority (EMRA)’s bid round for gold and associated minerals approaching, Centamin’s Chairman…
Pharos Holding has four M&A transactions in the pipeline for 2017
Pharos Holding is looking to close four mergers and acquisition agreements this year, Head of Investment Banking Sherif Abdel Aal…
IMF sees Egypt’s real GDP growth reaching 3.5% in 2017
The International Monetary Fund is projecting Egypt’s real GDP growth will reach 3.5% in 2017, and rise to 4.5% in…
Foreign currency inflows to banking system grow to USD 19.2 bn since EGP float
Foreign currency inflows to the banking system have reached USD 19.2 bn since the EGP was floated in November, the…
New debt issuance keeping interest rates high for Egypt
A “flood of new issuance is offsetting foreign-investor demand for Egyptian debt, keeping yields among the highest in emerging markets,”…
Daesh gunmen attack checkpoint by St. Catherine Monastery in Sinai
Gunmen attacked a checkpoint near the St. Catherine’s Monastery in South Sinai Tuesday evening, killing a member of the police…
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