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Utsch AG withdraws case filed against Egypt, resolution reached
Nasr reaches resolution with Utsch AG, company withdraws arbitration case: Germany’s Utsch AG has agreed to withdraw the international arbitration case…
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IPO Watch: Misr Italia, MM Group
IPO Watch: Real estate developer Misr Italia Group is looking to list 20-25% of its shares in an IPO sometime…
Egypt receives second tranche of the USD 1.5 bn AfDB loan
Egypt has received a USD 500 mn tranche of the USD 1.5 bn African Development Bank loan (AfDB), Investment and…
Central Bank of Egypt leaves rates on hold
The focus on inflation came as the Central Bank of Egypt decided on Thursday to leave overnight deposit and lending…
Inflationary price to remain until November or December, gov’t considers increasing rations
The press would like you to know that it will take a while longer before inflation eases — and that…
Egypt’s economic reforms to lead to slow but steady improvements -Moody’s
Moody’s believes the pace of economic reforms in Egypt will continue to show gradual improvements but the recovery could be…
Cabinet suspends school meals until end of academic year
Cabinet decided yesterday to suspend government-issued school meals for the remainder of the academic year and will bring back the…
Earnings watch: Obour Land
EARNINGS WATCH- Cheese maker Obour Land recorded a net profit of EGP 162 mn in 2016, up from EGP 92…
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