International Business Machines Co. (NYSE:IBM) Shares Sold by AXS Investments LLC
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Egypt’s Electricity Cuts Continue So Prices Don’t Increase: Sisi
During a presidential conference on 25 May, Egypt’s President Abdel Fattah Al-Sisi indicated that ongoing electricity cuts across the country are a necessary alternative to increasing power costs. “If the cost of electricity is one Egyptian Pound today, I would need to increase it to two or three Egyptian Pounds [to halt power cuts],” Al-Sisi stated at the conference “To keep the power on for 24 hours with no cuts, I would have to double or triple the price [for citizens] to match the true cost...