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EBRD appoints new SEMED MD, Egypt head
MOVES- The European Bank for Reconstruction and Development (EBRD) has appointed Janet Heckman as its new Managing Director for the…
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TDA not paying marketing companies abroad may hinder its promotional campaigns
Is Egypt in trouble with global ad agencies? The Tourism Development Authority (TDA) is allegedly 15 months behind on paying…
MAF continues regional expansion, bullish on Egypt
Majid Al Futtaim (MAF) Group says it is moving ahead with expansions Egypt and the GCC after recording an 8%…
Electricity Ministry plans national grid projects worth USD 29 bn in 2017
The Electricity Ministry is planning to spend around USD 29 bn to upgrade the national distribution grid in 2017. The…
Private sector to have minimal role in wheat storage
The private sector will have a limited role in storing the 4 mn tonnes of wheat expected of this season’s…
Supply Ministry increases prices of staples for ration card holders
The Supply Ministry has raised the prices of subsidized staples including cooking oil, vegetable margarine, and sugar sold to ration…
Inflows to banking sector hit USD 9 bn since float of EGP
Total inflows into the banking sector since the float of the EGP in early November have now hit USD 9…
CIB posts record net earnings with FY2016 results.
CIB posts record full-year earnings as it releases FY2016 results. Leading commercial bank CIB “posted another year of record performance…
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