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What we’re tracking on 4 April 2020
Good morning, friends, and welcome to a very busy news morning. We have nine days left until the start of…
DEVELOPMENT
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The latest on Eastern Co.
New, more competitive terms for the license to establish Egypt’s second major tobacco company could be introduced after several tobacco…
What to expect from the World Bank in the next four years
The World Bank plans to focus on improved governance, private sector job creation and social inclusion in Egypt under its…
Also on our Radar on 22 March 2021
Dice will hire an advisor to prepare a fair value report after its shares shed more than half their value…
Eastern’s new tender will be based on point-count bidding
The bidding process for a license to establish Egypt’s second major tobacco company will be assessed on a points system,…
Banque du Caire gets USD 100 mn EBRD loan for SMEs + trade finance
Egyptian MSMEs will have access to USD 50 mn worth of financing through Banque du Caire, which is getting a…
Orascom Development Egypt net income falls more than 20% in 2020
Orascom Development Egypt’s (ODE) net income fell more than 20% during 2020, according to the company’s annual earnings release (pdf).…
The market on 15 March 2021
The EGX30 fell 0.6% at today’s close on turnover of EGP 1.1 bn (25.6% below the 90-day average). Regional investors…
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