The company’s success in the first phase of the project has allowed it to qualify in the bid
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The government announced approval for the new budget on Monday after reducing the deficit to approximately EGP 240bn, in large part due to new measures rationing petroleum subsidies.
Fawry plans to begin regional expansion in the United Arab Emirates before moving on to other markets in Gulf Arab states
The distribution, slated for July and August, will be carried out electronically and the government has emphasised that there will be no limits on consumption.