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Dice institutional offering 3.1x oversubscribed, generates EGP 2 bn in demand
IPO WATCH- Dice Sport and Casual Wear announced yesterday (pdf) that its institutional offering was 3.1x oversubscribed, generating EGP 2…
Egypt pays off debt to Turkey, installments to Libya
Egypt has paid off the final USD 200 mn installment of a USD 1 bn loan obtained from Turkey in…
Float drove government to spend EGP 100 bn over budget, sources say
The EGP float caused the government to spend over EGP 100 bn more than it planned in FY2016-17, three sources…
Net oil importers expected to see growth rise to 4.3% in 2017
Net oil importers in the MENA region, including Egypt, can expect to see their growth rise to 4.3% this year…
EFSA planning changes to regs on treasury shares, mortgage finance
EFSA planning changes to regs on treasury shares, mortgage finance: The Egyptian Financial Supervisory Authority (EFSA) is apparently still planning…
Cabinet approves extending Tax Dispute Resolution Act for two additional years
The Ismail Cabinet agreed yesterday to extend the Tax Dispute Resolution Act’s mandate for an additional two years, according to…
House Economic Committee to complete Consumer Protection Act within two weeks
LEGISLATION WATCH- The House Economic Committee signed off yesterday on the proposed text of Article 30 of the Consumer Protection…
More reax to Egypt’s disappointing ranking in the World Bank’s Doing Business 2018
We got more government reaction yesterday to the disappointing news that Egypt fell six places to 128 on the World…
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