Sawiris-Beltone deal only succeeds in purchasing 9% of EFG Hermes, falling short of 20% target
54.4m shares purchased represent less than 9% of total Hermes shares
No price rise in telecommunications: Telecom companies
Vodafone and Mobinil deny 10% increase in telephone calls’ prices
Egypt paid $700m to Paris Club on 4 July: Ramez
Governor of the Central Bank of Egypt Hisham Ramez told Reuters on Sunday that Egypt paid $700m of its debts to the Paris Club of creditor nations on 4 July.…
Al-Sisi’s economic orientation in his first month, and its influence
Measures to boost economy include reforming taxes and wages, adjusting prices and cutting fuel and electricity subsidies
Iron producers demand customs duties, protection fees on imported steel following energy price increases
The government had recently increased natural gas prices by $3 for the iron and steel industry, bringing the total price to $7 per million BTUs.
Fuel consumption rates stabilise in domestic market after implementation of price increases
This follows a surprise increase in consumption took place on Friday following the announcement that fuel prices would increase.
Islamic State caliph makes first appearance
State media reports Iranian fighter pilot killed, militants destroy shrines and mosques
Palestinian-American teen released, Gaza airstrikes continue
Israel releases 15-year-old boy in the West Bank and continues to strike Gaza in latest raids
Balance of payments surges, deficit drops over 9 months: Ministry of Finance
Industrial production, debt, revenues and expenditures all saw increases
Prosecution investigates alleged rape by police
Student says policeman sexually assaulted her after confronting him for harassment