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Egypt’s MNHD reports a net profit of EGP 1.1 bn in 2018
EARNINGS WATCH- MNHD reports a net profit of EGP 1.11 bn in 2018: Madinet Nasr Housing & Development (MNHD) reported…
DEVELOPMENT
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AIND agrees to UE Finance buyout
M&A WATCH- AIND agrees to buyout UE Finance: Arabia Investment, Development and Financial Investment Holding Company (AIND) has agreed to…
Madbouly appoints BoD of new Upper Egypt development authority
Prime Minister Moustafa Madbouly has appointed the board of directors of the newly-founded Supreme Authority for Upper Egypt Development, according…
SODIC looking to invest c.EGP 5.17 bn in 2019
INVESTMENT WATCH- SODIC aims to invest about EGP 5.17 bn in 2019, the upmarket real estate developer said in an…
IMF keen to support Egypt’s social safety programs, Azour says
The International Monetary Fund (IMF) is keen on supporting Egypt’s social safety programs, Middle East and Central Asia Director Jihad…
OIH-Prism JV agrees to negotiate settlement for sound and light show failure
A JV between Orascom Investment Holding (OIH) and Prism International has agreed to negotiate a settlement with the Sound and…
China Eximbank to finance Egypt’s USD 2.6 bn Attaqa hydroelectric plant
China Eximbank to finance USD 2.6 bn large-scale Attaqa hydroelectric plant: The Egyptian Electricity Holding Company has signed a financing…
AfDB provided Egypt with USD 506 mn in 2018, Blomberg says
The African Development Bank (AfDB) provided Egypt with USD 506 mn in funding in 2018, Country Manager for Egypt Malinne…
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