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Current account under the spotlight as economy continues to recover from covid
Remittances to Egypt rose 10% y-o-y in the first five months of 2021, Planning Minister Hala El Said said in…
The bidding war for the army’s Wataniya Petroleum is heating up
Saudi industrial oils giant Petromin is throwing its hat in the ring in what’s shaping up into a bidding war…
BalancED to set up EGP 500 mn int’l school in MNHD’s Taj City
BalancED is setting up a K-12 international school in Madinet Nasr Housing and Development’s (MNHD) Taj City in East Cairo…
IDH reports surge in 1Q2021, drive by covid tests + OIH sells down Beltone stake
The EGX30 fell 1.2% at today’s close on turnover of EGP 1.69 bn (23.1% above the 90-day average). Local investors…
zVendo closes seven-figure pre-series “A”
Egyptian e-commerce platform zVendo has raised a seven-figure USD pre-series “A” round with participation from local manufacturer Mobica as well…
IDH actively looking for M&A targets outside Egypt
Consumer healthcare giant Integrated Diagnostics Holdings (IDH) is actively screening for targets that would allow it to expand into new…
Sodic, Ibnsina report higher net incomes, OIH narrows net losses
EARNINGS WATCH- Sodic’s bottom line surged over three-fold in 1Q2021, reaching EGP 100 mn after tax and minority interest, from…
FRA pulls the brakes on Egytrans, Paradigm Logistics partnership
EgyTrans is once again happy with an acquisition offer from HA Utilities BV, after a separate, higher bid that had…
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