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Accelero Capital announces buying OTMTI shares in an MBO
Accelero Capital announced it acquired the ownership interest of its largest shareholder, Orascom TMT Investments (OTMTI), in a management buyout.…
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EBRD loans Emirates NBD Egypt USD 125 mn
EBRD loan will strengthen Emirates NBD Egypt capital base: The European Bank for Reconstruction and Development (EBRD) is providing Emirates…
BP looking to increase its investments in Egypt to reach USD 43 bn within five years
BP could invest another USD 13 bn in Egypt over the next five years, according to a statement from the…
Egypt will reach natural gas self-sufficiency by 2018 -EGAS
Egypt aims to reach natural gas self-sufficiency in 2018, EGAS Chairman Mohamed El Masry told Reuters' Arabic Service. The private…
Government planning to launch a media campaign on the VAT after the executive regulations become official
The Finance Ministry will reportedly roll-out a three-month promotional campaign for the value-added tax and is set to release the…
Finance Ministry sets custom rate at EGP 16 for the USD 1, customs revenues reach EGP 14.5 bn
The Finance Ministry has revised its exchange rate for customs duties to EGP 16.00 per USD from EGP 18.50 per…
Gov’t revises deficit target up to 10.25% for the current fiscal year
Finance ministry revises budget deficit target for current FY: The budget deficit for the state’s current fiscal year will close…
Prime Minister to meet with new line-up early next week as opinions on the appointments start rolling in
Prime Minister Sherif Ismail will have his first tête-à-tête with his new cabinet lineup early next week, the PM old…
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