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The Weekend Recommendation
Happy St. Patrick’s Day, everyone. With Cairo’s unforgivable lack of Guinness and proper Irish stews, we’ll have to make do…
SPEED ROUND
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SPEED ROUND
Haftar recaptures major oil ports, set to boost exports
Libya’s eastern-based military commander Khalifa Haftar says his forces recaptured the key oil ports of Es Sider and Ras Lanuf,…
Former Helwan governor arrested in probe into Maadi corruption allegation:
Former Helwan governor arrested in probe into Maadi corruption allegation: The former governor of Helwan (itself a now-former governorate, having…
Ezz El Regal appointed new CEO of EGPC, El Bakly for EGAS
MOVES- Abed Ezz El Regal was appointed Chief Executive Officer of EGPC, according to Ahram Gate. Ezz El Regal was…
Angel Yeast company to invest USD 48 mn in yeast extraction plant in Egypt
Chinese yeast manufacturer Angel Yeast Company plans to invest USD 48 mn in a yeast extraction plant in Egypt, according…
60-65% of CI Capital to be sold, final investor lineup announced
When all is said and done, CIB will sell 60-65% of CI Capital for total consideration of EGP 570 mn,…
Parliament’s Manpower Committee approves bill mandating 10% annual raise
Parliament’s Manpower Committee approves bill mandating a 10% annual raise for civil servants across the board: The House of Representative’s…
VAT expected to bring in EGP 190-200 bn next fiscal year
The value-added tax (VAT) is forecast to bring in revenues of EGP 190-200 bn during FY2017-18, the Finance Ministry VAT…
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