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Pharos forecast COVID-19 to lower Egypt’s consumer spending

Similarly, local demand for textiles will be pressured by the curfew imposed on all retail outlets, while textile exports face order postponement or cancellations, due to slower global demand. Oil-based raw material imports are also at risk of interruptions, due to global manufacturing hurdles. 

Alyaa Stohy

Prime Holding completes its due diligence to acquire Pharos

Prime Holding added that discussions are currently in progress regarding the due diligence findings in preparation for signing of the definitive agreements in order to complete the transaction after securing the required approvals from the Financial Regulatory Authority.

Alyaa Stohy

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