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Also on our Radar on 4 April 2021
Speed Medical’s (SPMD) board of directors signed off on acquiring Prime Speed Medical Services in a EGP 1.8 bn transaction,…
Earnings watch: Banque du Caire
Banque du Caire’s net income dipped 19% y-o-y in 2020 to EGP 3.2 bn, down from EGP 3.95 the year…
Cabinet approves new raises for civil servants
Public sector employees not covered by the Civil Service Act are officially in line for raises of 13% of their…
Banks get a break on concentration risk regs
Banks are getting another nine-month break from regulations designed to limit concentration risk in the industry, the Central Bank of…
Earnings Watch: B Investments, GlaxoSmithKline
The EGX30 fell 1.6% at today’s close on turnover of EGP 1.21 bn (16.4% below the 90-day average). Foreign investors…
Also on our Radar on 31 March 2021
Egypt-Sudan electricity link gets a boost: Siemens Energy was awarded a contract to build two grid stabilization stations in Sudan…
New boardroom rules for clearing, depository service providers
Egypt’s three clearing and depository companies will need to run their board elections under new rules announced by the Financial…
Emaar loves Egypt + Edita’s big move in Morocco
Emaar Properties plans to double its Egypt operations to 30% of its overall business, founder Mohamed Alabbar told Asharq Business,…
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