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Egyptera proposes exempting lower electricity consumption tiers from July price hikes
Consumers in the lowest consumption-based price tier may be exempt from electricity price hikes: A committee from the Egyptian Electric…
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House backtracks on Investment Act split
Is the House Economic Committee backtracking on its (nonsensical in the first instance) decision to split the proposed Investment Act…
Gov’t is focusing on attracting investments that add value to Egypt: -Prime Minister Sherif Ismail
Shipping lines that pulled out of Egypt added no value to the economy –PM: The withdrawal of five major shipping…
El Sisi meets with US Secretary of State, National Security Advisor, Congress members, and King Abdullah of Jordan on fourth day of US visit
President Abdel Fattah El Sisi had yet another busy day of meetings on the fourth day of his official visit…
Egyptian credit spreads remain resilient with strong EM demand
There is strong demand for emerging market credit with 1Q2017 primary issuance hitting new record high, according to BNP Paribas’…
Some banks at risk of not meeting minimum regulatory capital requirements -Fitch
Fitch is worried about Egyptian banks’ capitalization: Some Egyptian banks will struggle to meet minimum regulatory capital requirements following the…
PMI reading shows business conditions worsening in March
A hiccup on the road to economic recovery? Business conditions in Egypt’s non-oil private sector deteriorated at a faster pace…
11 dead in apparent suicide bombing in St. Petersburg
Terrorism in Russia? Eleven people were killed and 20 were injured in an explosion in St. Petersburg. The blast in…
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