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Earnings Watch: GB Auto, Orascom Development Egypt
EARNINGS WATCH- GB Auto reported a consolidated net profit of EGP 240.4 mn in 3Q2018, reversing losses of EGP 138.9…
DEVELOPMENT
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Court begins hearing EUR 150 mn lawsuit against Peugeot
Court begins hearing EUR 150 mn lawsuit against Peugeot: A lawsuit brought by Arabia Investments, Development and Financial Investment Holding…
Madbouly issues decree to form SME Development Authority’s BoD
Prime Minister Moustafa Madbouly issued a decision on Saturday outlining the regulations for the establishment of the SME Development Authority’s…
GAFI VP meets China Development Bank director to discuss increasing Chinese investments in Egypt
GAFI VP meets China Development Bank to discuss increasing Chinese investments: General Authority for Investment and Free Zones (GAFI) Executive…
Al Kholoud reaches EGP 600 mn settlement agreement with Egypt over steam boilers case
Government reaches settlement in dispute arising from 2011 unwinding of privatization sale: Al Kholoud for Touristic and Real Estate Development…
IDA to re-tender land plots seized from 1,000 factories project investors
The Industrial Development Authority (IDA) is set to re-tender 15 land plots seized from investors in the New Cairo 1,000…
Overcrowded classrooms hinder educational reform
Egypt’s educational reforms will never be completely effective if classrooms continue to be overcrowded, Abbas El Tarabily writes for Al…
MNHD reports a net profit of EGP 869.1 mn in 9M2018
EARNINGS WATCH- MNHD reports a net profit of EGP 869.1 mn in 9M2018: Madinet Nasr Housing & Development (MNHD) reported…
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