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Subsidy moochers will not be removed this year
Kramers everywhere, rejoice: You live to mooch another year: Supply Minister Ali El Moselhy has poured cold water on that…
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Government to increase spending on social security and welfare programs in upcoming fiscal year
The government will increase spending on social security and welfare in FY2017-18 bysetting aside a sum equivalent to 1% of…
Foreigners invested USD 3.1 bn in domestic debt -Kouchouk
The carry trade is alive and well: Egypt attracted USD 3.1 bn of foreign investment in domestic debt instruments since…
KfW accidentally transfers 100s of mns of EUR — over and over and over again
The Germans — they’re just like us. A German bank accidentally transferred EUR 5 bn to four other banks because…
Russia sees oil at USD 40 / bbl, Turkey rattles saber at Cyprus over oil and gas exploration
A couple of oil and gas stories worth noting this morning: With OPEC members meeting in Kuwait this weekend to…
Emaar Malls makes USD 800 mn bid for Souq, challenging Amazon
Emaar Malls has made a USD 800 mn bid to acquire Souq, challenging Amazon’s USD 650 mn offer to the…
Egypt was hit by a minor earthquake on Friday night
Did it feel like poltergeist to you Friday night? Egypt was hit by a minor earthquake on Friday night, which…
One killed in Maadi bombing
Maadi bombing claims one: One man was killed and three members of his family injured by a bomb blast in…
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