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Tuk-tuk replacement still undecided + ABB to open train component plant in Egypt
The Madbouly government is in talks with an international automaker to produce vehicles to replace tuk-tuks, Public Enterprises Minister Hisham…
PIF subsidiary ups stake in EGX-listed Rameda + El Garhy buys Nat’l Glass and Crystal from ADIB Egypt
Saudi PIF subsidiary ups stake in Rameda: The Saudi Seventh Investment Company (SSIC) has purchased another 6.5% of Rameda Pharma,…
Sri Lankan NBFI acquires 100% of First Microfinance, aims to grow loan book and branch network
Sri Lankan conglomerate LOLC Group has acquired 100% of FirstMicrofinance in a transaction worth EGP 80.2 mn, First Microfinance CEO…
House Planning Committee to review 2022-2023 draft budget
The House of Representatives voted in plenary session yesterday to send the draft FY 2022-2023 budget to the budget and…
Top EU official talks COP with Environment Minister Yasmine Fouad + UN teams up with gov’t on tech and innovation
More COP 27 discussions: Environment Minister Yasmine Fouad discussed preparations for COP 27 with the EU executive vice-president Frans Timmermans…
GAFI could ban forex payments between shipping + cargo handling firms
No more USD payments on cargo handling? The Finance Ministry has directed the General Authority for Investments and Freezones to…
Earnings watch: Gadwa Industrial Development, Pioneer Properties
EARNINGS WATCH- Gadwa Industrial Development achieved a bottom line of EGP 115.19 mn in 4Q2021, according to the company’s financials…
THIS MORNING: It’s Fed decision day; Swvl on course to hit the Nasdaq on 31 March; AfDB in town for COP 27 talks
Good morning, wonderful people, and welcome to almost-THURSDAY, which longtime readers know is how we prefer to think of the…
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