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Tuesday, 20 April 2021

Also on our Radar on 20 April 2021

Egyptian security forces killed three Islamist terrorists involved in the execution of a 62-year-old Christian man, Nabil Habashy, last Saturday in North Sinai, the Interior Ministry said in a statement yesterday.

Exporters have received EGP 2.4 bn of subsidy arrears from the Export Development Fund since February, when the Trade and Industry Ministry launched the second phase of the subsidy program that allows exporters to receive their payments lump-sum, provided they take a 15% haircut. The ministry has also extended until the end of April the deadline for exporters to apply for subsidy payments, to receive the payments in June.

Other things we’re keeping an eye on this morning:

  • Canadian mining companies are interested in ramping up their investments in Egypt, Canadian Ambassador to Egypt Louis Dumas said yesterday during a meeting with Oil Minister Tarek El Molla.
  • Pharma platform Yodawy and health ins. agency MedNet Egypt launched a partnership, the platform said in a press release (pdf).
  • Egypt should be back on JPMorgan’s emerging-market government bonds index in October or November, Advisor to the Finance Minister for Fiscal Policies Nevine Mansour tells the local press.
  • Journalist and Islamist politician Magdy Hussein was released yesterday after serving his five-year prison sentence on charges of promoting extremist views and disseminating fake news.

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