Egypt’s headline inflation drops to 4-year low of 8.7%, core inflation retreats to 5.9% in July
The announcement defied analyst expectations, as in July the Egyptian authorities decided to go ahead with slashing fuel subsidies, lifting petrol and diesel prices by about 17-30%.
Match Group acquires matchmacking Harmonica app
Match Group announced that it acquired Cairo-based Harmonica, a matchmaking application.
El Shams Housing to start construction of Solana project in NAC end-August
Project will be self-financed by EGP 3.4bn from the company's liquidity and sales of residential units
Palm Hills debuts Mazeej Hotel on 4,000sqm in North Coast
The hotel is a collaboration with Palm Hills Developments and G’nK Hospitality to comply with the national strategy to promote and facilitate international tourism, according to the issued press statement.
RG Investment merged into GB Auto as part of restructuring
GB Auto revenues fell 6.3% y-o-y to EGP 5.65bn in 2Q19, with EGP 8.9m net losses
Suez Canal revenues hike by 5.4% to reach $5.9bn in FY2018/19
Mamish revealed in a press conference on Tuesday evening that $25bn was invested in the Suez Canal Economic Zone (SCZone), across 192 projects that have been carried out.
LNA strikes Air Force Academy in Misrata for 2nd consecutive day
UNICEF condemns Murzuq’s airstrikes that took place a few days ago
India complicates situation in Kashmir, Pakistan’s army says it’s ready
UN, EU, China, Turkey call for reducing tensions
Parliament prepares new agenda of fifth legislative round
Round is expected to begin in October and continue until June 2020
Egypt, France carry out joint naval drills in Mediterranean
French frigate Jean Bart, Egyptian frigate Damietta partake in joint exercises
