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Court upholds death sentence for Ikhwan members
The Court of Cassation (Egypt’s highest appeals court) has upheld death penalties handed to 12 Ikhwan members including Mohamed Beltagy…
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BalancED to set up EGP 500 mn int’l school in MNHD’s Taj City
BalancED is setting up a K-12 international school in Madinet Nasr Housing and Development’s (MNHD) Taj City in East Cairo…
Drop in 1Q income thanks to unfavorable base effect -MNHD
EARNINGS UPDATE- The sizable fall in Madinet Nasr Housing and Development’s (MNHD) net income in 1Q2021 was due to an…
MNHD’s consolidated net income falls 70% in 1Q2021
Madinet Nasr Housing and Development’s (MNHD) consolidated net income fell 70% to EGP 114.5 mn in 1Q2021, down from EGP…
MNHD CEO Ahmed El Hitamy resigns
Madinet Nasr Housing and Development CEO Ahmed El Hitamy (LinkedIn) has resigned to join his family business, the company said…
Moves: Tarek Tawfik elected AmCham president
AmCham Egypt has elected Tarek Tawfik (LinkedIn), chairman of the Cairo Poultry Group, as the new president for two years,…
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…
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…
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