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Monday, 4 October 2021

TMG could expand to Saudi and Iraq

A few things we’re keeping an eye on this morning:

Talaat Moustafa Group is studying expanding its real estate business to Saudi Arabia and Iraq, with CEO Hisham Talaat telling reporters on the sideline of a visit by the Saudi housing minister that both countries are hot prospects for TMG.

Over 450 exporters have received some EGP 875 mn in overdue export subsidies during the first two phases of the government’s scheme to repay exporters overdue subsidies in a lump sum.

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