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MNHD’s consolidated net income down 53% in 1H2021
Madinet Nasr Housing and Development’s (MNHD) consolidated net income fell 53% y-o-y in 1H2021 to EGP 228.6 mn, down from…
El Gouna developer fighting USD 34 mn fine
The Environment Ministry is asking Orascom Development Egypt to cough up almost USD 34 mn, alleging that the company has…
Smoke drama
Here’s why tobacco companies are still unhappy with the recently-amended terms of the license to set up Egypt’s second tobacco…
Good news for FDI watchers
Tobacco giant Philip Morris is among several tobacco companies with local operations that are said to be interested in bidding…
New urban development fund greenlit by cabinet
The Madbouly cabinet approved a draft bill last Thursday to launch a new fund to develop urban areas, it said…
New ‘technical colleges’ are key to the government’s current education strategy. But what exactly are they and what are they doing?
New technical colleges are key to the government’s current education strategy. But can the private sector buy in? Launching new…
KWD 5.5 mn Kuwait Fund for Arab Economic Development loan ratified
The North Sinai cities of Rafah and Bir Al Abd will be getting new water desalination plants, after President Abdel…
Tycoon isn’t out of the race for ANFI
Tycoon back in the running for ANFI: Tycoon Holding wants to up its bid for Alexandria National Company for Financial…
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