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UAE’s Al Ghurair to invest USD 1 bn in sugar agriculture project
INVESTMENT WATCH- UAE’s Al Ghurair Group will invest USD 1 bn in a massive sugar cultivation and processing project, which…
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Tourism in the Middle East grows 5% y-o-y in 2017
The shifting dynamics of Egypt’s tourism turnaround: Egypt’s tourist numbers soared 55% last year, even as European numbers dipped, with…
FRA drafting Insurance Act, 80% done with Capital Market Act regs
LEGISLATION WATCH- The Financial Regulatory Authority (FRA) is drafting an all-encompassing Insurance Act. A draft of the bill — which…
Tax revenues up 62% y-o-y in 1H2017-18
Tax revenues for the 1H2017-18 grew 62% y-o-y to EGP 249 bn, Vice Minister of Finance Amr El Monayer said…
Private investment to lead Egypt economic growth in coming period
Private investment is expected to make up 60% of total economic growth in Egypt in FY2017-18, up from 48% in…
Egypt pays IOCs USD 200 mn in January, to IPO up to 10 companies in 18 months
Egypt paid USD 200 mn in arrears owed to international oil companies this month, Finance Minister Amr El Garhy said,…
Etisalat Misr raises capital to retire 4G license debt
Etisalat Misr is joining the list of companies in Egypt raising capital to retire debt it accumulated to pay for…
Arab Moltaqa to invest EGP 200 mn in two years
INVESTMENT WATCH- The Arab Moltaqa Investments Company could invest up to EGP 200 mn in Egypt over the next two…
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