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Net profit drops for Palm Hills, HHD, and Arabian Cement in 2Q2020
EARNINGS WATCH- Palm Hills Developments (PHD) saw its net profit after tax fall 37% to EGP 195 mn in 2Q2020…
Ethiopia seeks answers on possible halt to US aid due to GERD impasse
Ethiopia after US for answers on possible halt to aid: The Ethiopian government is seeking clarification for recent reports that…
US may withhold aid to Ethiopia as no progress seems to be made on GERD
US may withhold aid to Ethiopia as no progress seems to be made on GERD: US Secretary of State Mike…
Building violations, university applications top stories on Moussa’s talk show
Ahmed Moussa effectively had the airwaves to himself last night, with the other talking heads delivering little of note. Some…
Banque du Caire’s IPO postponed to 2021, chairman confirms
IPO WATCH- BdC IPO isn’t happening before 2021, Fayed confirms, while Giza Spinning looks at 2020 listing: State-owned Banque du…
Egypt: Engineering firm Daoud Group to acquire MNHD’s Nasr Utilities
M&A WATCH- Engineering firm Daoud Group to acquire MNHD’s Nasr Utilities: Mohammed Ahmed Daoud for Engineering and Industrial Investments (Daoud…
EGX to purchase 30% of commodities exchange management company
EGX to claim 30% ownership of commodities exchange; who will own the futures exchange still to be determined: The EGX…
Egypt’s MNHD accepts EGP 30 mn offer for its 98.4% stake in Nasr Utilities and Installations
M&A WATCH- MNHD accepts EGP 30 mn offer for its 98.4% stake in Nasr Utilities and Installations: Madinet Nasr for…
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