Supreme Council for Investment green lights establishment of National Council for Payments
This new council will bridge the gap between the exchange rate in the official and unofficial markets
Reem Hosam El-din
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Latest by Reem Hosam El-din
Dollar crisis threatens Eastern Tobacco Company’s production
The Eastern Tobacco Company is facing a hard time obtaining foreign currency from banks to open letters of credit to purchase raw materials
EGPC signs partnership with Kuwait Energy for 15% of Iraq’s Seba gas field
Petrojet to carry out work on project for $200m
EFG Hermes to expand in US with New York office
The Egyptian Financial Group (EFG) Hermes, a financial service corporation in the Middle East and North Africa (MENA) region, is currently obtaining approvals from regulatory authorities to open its new office in New York in the United States in order to offer services to its clients there, according to a report released by the group …
New partner joins Al Tamimi & Company’s Cairo office
Al Tamimi & Company law firm recently welcomed its new partner Mohamed Gabr, former partner at Matouk Bassiouny law firm, to its office in Cairo in order to meet the growing demand on the firm’s services. Gabr has worked on high-profile transactions over the years, including the merger of Al Borg and Al Mokhtabar, the …
Increase of oil prices, costs reduction will stabilise global integrated oil and gas business: Moody’s
In terms of debt and its impact on companies’ credit profiles, the report said there would be a gradual recovery until the industry’s net debts have stabilised
ECA detects monopolistic practices in Egyptian automotive sector
The Egyptian Competition Authority (ECA) has revealed the presence of monopolistic practices in the Egyptian automotive sector, leading to a significant increase in the prices of several models and categories of cars. ECA is currently conducting a study to examine the automotive sector in order to detect restrictions and different forms of monopolisation practiced by …
Unsafe abortion pervasive amid legislative, statistical silence
Absence of legal exceptions for abortions oblige many women to resort to non-supervised procedures