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Fawry shareholders green-light plans to buy back stakes held by CIB, Banque Misr
Fawry’s shareholders greenlit the acquisition of CIB and Banque Misr’s stakes in subsidiary Fawry Plus, the e-payments giant announced in…
Palm Hills Development scores an impressive 1Q2021
Palm Hills Development’s bottomline soared 152% y-o-y to EGP 205 mn during 1Q2021, up from EGP 81 mn in 1Q2020,…
Domty expands into milk products
EXCLUSIVE- Food manufacturer Domty is launching this week a USD 2 mn milk products production line, marking the company’s first…
IFC, Alexbank to finance solar irrigation systems for Egyptian farmers
Egyptian farmers could collectively save up to EGP 14 bn in fuel costs by using solar-powered irrigation systems, which the…
Earnings watch: Ibnsina, EKH, Palm Hills, Al Baraka Bank, Domty
Ibnsina Pharma’s net income tumbled 71% y-o-y in 4Q2020 to EGP 24.2 mn, down from EGP 83.2 mn in 4Q2019,…
Raft of new investments bodes well for short-term recovery
INVESTMENT WATCH- A run of news that suggests we’re turning a corner? In a stark contrast this summer’s news of…
Earnings Watch: Raya Holding, Allianz Egypt, Prime Holding, Al Baraka, Domty, AT Lease, EIPICO, National Bank of Kuwait, MM Group
EARNINGS WATCH- Raya Holding sees revenue growth and narrowing losses in 9M2020: Raya losses eased to EGP 53.6 mn during…
Earnings Watch- AT Lease, Domty, Misr Cement Qena, Obour Land
EARNINGS WATCH- AT Lease reported EGP 35.7 mn in net profits during 1H2020, up 4.6% from EGP 34.14 mn in…
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