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EGX completes technical tests of short-selling platform
The EGX has completed technical tests of a platform which would allow short-selling on the bourse, EGX Chairman Mohamed Farid…
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Trading on Dice shares to begin on Tuesday
IPO WATCH- Trading on Dice Sport and Casual Wear shares will begin on Tuesday 14 November, with the opening price…
GTH appoints Pharos to evaluate Veon MTO
M&A WATCH- Global Telecom Holding (GTH) has appointed Pharos Holding as an independent financial advisor to evaluate the mandatory tender…
Sawiris makes public plea for a banking license
Sawiris: Please, sir. May I have a bank? Naguib Sawiris has again made it clear that he would really like…
Qalaa Holdings’ ERC plans to open refinery in September 2018
In other energy news, the Egyptian Refining Company (ERC) is expected to begin operations in September 2018, said Ahmed Heikal,…
Fuel subsidy spending rises 68% y-o-y in 1Q2017-18, El Molla says
Fuel subsidy costs rose 68% y-o-y to EGP 23.5 bn in 1Q2017-18, up from EGP 14 bn in the same…
IMF reaches agreement with Egypt to disburse USD 2 bn
IMF reaches agreement with Egypt to disburse USD 2 bn: The S&P’s announcement came just hours after the IMF announced…
S&P raises Egypt’s credit outlook to Positive from Stable
Standard & Poor’s raised Egypt’s outlook to Positive from Stable on the back of rising FX reserves and strengthening economic…
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