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Cabinet roundup
The Ismail cabinet discussed implementing a national solid waste management plan at its weekly meeting last Thursday, according to a…
SPEED ROUND
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SPEED ROUND
Earnings watch: QNB Al Ahli
EARNINGS WATCH- QNB Al Ahli reported net income of EGP 4.25 bn in the first three quarters of 2017, up…
Chinese consortium looking to invest up to USD 20 bn in new projects in Egypt
INVESTMENT WATCH- The Chinese consortium Acasys Group is reportedly looking for a piece of major infrastructure projects worth up to…
Dice to list 50-60% of shares on EGX
IPO WATCH- Readymade garment manufacturer Dice is planning to list an extra 50-60% of its shares on the EGX within…
IFIC withdraws bid to acquire NCMP
M&A WATCH- Egypt Kuwait Holding (EKH) subsidiary International Financial Investments Company (IFIC) has reportedly withdrawn its bid to acquire National…
Egypt’s banking system is “stable,” Moody’s Investor Service says
The outlook for the Egyptian banking system is stable, as economic growth picks up, loan performance remains broadly resilient and…
IMF, World Bank praise economic reform at Fall Meetings
The World Bank expects Egypt’s budget deficit to decline to 8.8% of GDP in FY2017-18, the WBG said in its…
Gov’t makes the case for more investment in Egypt at IMF, WB fall meetings
REPORT ON IMF / WORLD BANK FALL MEETINGS- Egypt expects to receive the next USD 2 bn tranche of its…
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