? OUT AND ABOUT-(all times CLT) She Arts Orchestra will take center stage at AUC Tahrir Cultural Center tomorrow at 8pm. The night will feature two renowned soloists — Manal Mohie Eldain from Egypt on harp and Ginevra Rizzi from Italy as soprano — all under the baton of Italian conductor Isabella Ambrosini. Experience a […]
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Only a little bit of fiction in this social commentary set in Savannah
? UNDER THE LAMPLIGHT- 99% true and 1% exaggeration: That’s how John Berendt described his lineup of eccentric characters in his 1994 novel, Midnight in the Garden of Good and Evil. Retelling Berendt’s own time spent living in Savannah, Georgia, we meet entertainer The Lady Chablis, bankrupt jazz bar owner Joe Odom and chemist Luther […]
Earnings watch: Telecom Egypt reports 2022 results
EARNINGS WATCH- State-owned telecoms firm Telecom Egypt’s net income grew 9% y-o-y to EGP 9.2 bn in 2022, according to the company’s earnings release (pdf). The firm reported EGP 44.3 bn in revenues during the year, rising 19% y-o-y. On a quarter basis, Telecom Egypt’s bottomline rose 30% y-o-y to EGP 3.0 bn on revenues […]
MARCH 23 February-11 March (Monday-Saturday): Diarna Exhibition, Cairo Festival City Mall, New Cairo. 8-18 March (Wednesday-Saturday): Cirque du Soleil’s OVO, Cairo international Stadium Hall. 15 March (Wednesday): Season 3 of Ted Lasso will be out on Apple TV. 23 March (Wednesday): First day of Ramadan (TBC). Maghreb will be at 6:08pm CLT. APRIL 16 April […]
THIS MORNING: It’s PMI day + Uber fares hiked (again)
Good morning, friends, and welcome to a very brisk news morning as we start this first full week of March. EGP WATCH- EGP undervalued by 30% says Credit Suisse: Credit Suisse thinks the fair value of the EGP is 30% higher than current levels, setting the real USD exchange rate at 23.8, according to Al […]
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El Sisi announces EGP 150 bn program of wage hikes, pension increases amid soaring inflation
The measures include wage increases and a higher minimum wage for civil servants
Egytrans hopes to acquire trucking firm NOSCO by end of 1H 2023
Egytrans wants NOSCO: Transport player Egytrans expects to wrap a majority acquisition of trucking firm National Company for Transportation and Overseas Services (NOSCO) before the end of 1H 2023, Egytrans CEO Abir Leheta said during a press conference on Thursday, according to Al Mal. We don’t have the details yet: Leheta didn’t disclose how much […]
Sawiris partners with local, Emirati players to redevelop Morocco hotel
Samih Sawiris is leading the redevelopment in Morocco of the Mogador resort in Essaouira, Morocco, in a drive worth as much as AED 4 bn, according to the Moroccan News Agency. Sawiris is leading a consortium of four investors, the news agency says. The players: Sawiris will invest through SOSTNT, his Luxembourg-based investment company, a […]