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GlaxoSmithKline said that its majority shareholder Glaxo Group Limited and Hikma Pharmaceuticals have agreed to cease discussions about the potential acquisition of GSK’s assets in Egypt and Tunisia.
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Libra Capital, part of Cairo-based infrastructure investment firm Enara Group, said on Wednesday it signed an agreement for a 200 million Egyptian pound ($12.7 million) long-term loan from the Arab…
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Egypt’s long-term foreign currency issuer default rating (IDR) remains at B+ with a stable outlook, according to recent report from Fitch Ratings.
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Egypt’s National Institute for Governance and Sustainable Development (NIGSD), the training arm of the Ministry of Planning and Economic Development, will launch the second edition of the African…
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Egypt’s Prime Minister Mostafa Madbouly has announced that the transfer of government institutions to the New Administrative Capital (NAC) will start by next August.Egypt’s Prime Minister Mostafa…
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The Central Bank of Egypt (CBE) has announced that the country’s foreign debt increased to about $125.3bn in September 2020. The figure reflects a 1.5% hike, equivalent to about $1.8bn, compared to…
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Egypt’s AlexBank announced on Tuesday that it made profits before tax worth up to 3.178 billion Egyptian pounds ($202.1 million) during 2020 versus 4.443 billion pounds a year earlier.
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The balance of trade deficit in Egypt shrank by 14 percent year-on-year (YoY) to $3.28 billion in December 2020, compared to $3.81 billion at the same period a year earlier, according to new data…
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Abu Dhabi Commercial Bank (ADCB) has appointed Cl Capital lnvestment Banking as its financial advisor to organise the sale of its 51.54% stake in Alexandria Medical Services - Alexandria New Medical…
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The Central Bank of Egypt’s (CBE) board of directors approved the rules regulating the multicurrency real-time gross settlement (RTGS) system.
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