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Posted inEARNINGS WATCH

So many earnings…

The earnings dump continues: The end-of-earnings-season rush continued yesterday, with a number of EGX-listed companies releasing their 2Q / 1H 2023 financials. Edita, E-Finance, Contact Financial and Orascom Development Egypt all reported strong results despite the ongoing economic challenges. Drugmaker Rameda’s turned in a strong revenue performance, but like many manufacturers saw net income slip […]

Posted inEGYPT IN THE NEWS

FX crunch + blackouts make the headlines internationally

Egypt’s ongoing FX and energy challenges are getting attention internationally this morning, with Reuters looking at the different ways the government is trying to secure new hard currency inflows and the Wall Street Journal focusing on the blackouts hitting Egypt and other countries in the region amid soaring temperatures. ALSO- The National chronicles an impassioned […]

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