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OIH will split into two companies: One running financial services, the other with all other investments
DEMERGER WATCH- Who gets what as OIH splits in two? The Financial Regulatory Authority (FRA) has approved Orascom Investment Holding’s…
Earnings Watch- Orascom Construction reports USD 9.5 mn in net profit in 2Q2020
EARNINGS WATCH- Orascom Construction (OC) profits dropped to USD 9.8 mn 2Q2020, down from USD 31.3 mn in 2Q2019, the…
How Egypt built its first transit hub
How Egypt built its first transit hub: With last week’s inauguration of the fourth phase of the EGP 32 bn…
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…
Did state megaprojects cushion the unemployment blow from by covid-19?
Did state megaprojects cushion the unemployment blow by covid-19? While unemployment has accelerated since the onset of the covid-19 pandemic,…
Egypt’s PHD to write off LSE-listed GDRs
PHD to write off its LSE-listed GDRs: Palm Hills Development’s (PHD) extraordinary general assembly has approved canceling its London Stock…
Amer to acquire EGP 1 bn loan from unnamed Egyptian bank
Amer Group is closing in on an agreement for a EGP 1 bn loan from an unnamed local bank to…
The CBE appears to be edging toward renewal of a six-month payment holiday for businesses most affected by covid-19
The CBE appears to be edging toward renewal of a six-month payment holiday for businesses most affected by covid-19. Commercial…
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