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Protests break out across Egypt following El Moselhy’s cuts to bread point system
A wave of protests broke out in Alexandria, Kafr El Sheikh, Minya, Assiut, Giza, and Fayoum yesterday in opposition to…
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Drop in EGP accelerating, interbank market stagnant
The drop in the FX rate is accelerating, Ihab Farouk writes for Reuters’ Arabic service. Demand for USD has been…
Finance Minister signs off on VAT executive regulations
VAT executive regulations are at hand: Finance Minister Amr El Garhy signed off on the executive regulations for the value-added…
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*** COME WORK WITH US. We’re looking for bright, talented writers and analysts to join our team to work on…
PSA Group finalizes agreement to buy GM’s European brands including Opel/Vauxhall
Peugeot-Citroen has reached an agreement with General Motors to buy its European unit, including the Vauxhall and Opel operations, BBC…
ODH appoints CFO, new members of executive management
MOVES- Orascom Development Holding appointed Ashraf Nessim as Chief Financial Officer and an Executive Management member after having already served…
Elnaggar appointed ECHEM Chairman
MOVES- Yasser Elnaggar was appointed Chairman of the Egyptian Petrochemicals Holding Company (ECHEM), Al Mal reported. Elnaggar was Deputy Chief…
Al Rashed did not exit Egypt, restructures holdings under subsidiary
Saudi conglomerate Al Rashed did not exit its investments in Egypt, as was reported incorrectly in some media outlets yesterday.…
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