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Cairo 3A looking for EGP 1 bn loan from Egyptian banks
Cairo 3A Poultry is in talks with local banks for a EGP 1 bn loan to finance its expansion plans…
Produce exporters say gov’t regs on pesticide residue are undermining performance
Produce exporters say gov’t regs on pesticide residue are undermining performance: Egyptian agricultural product exporters are complaining that recently-imposed regulations…
Raya Foods to invest EUR 7.5 mn over three years
Raya Holding subsidiary Raya Foods is planning to invest EUR 7.5 mn over the next three years to finance its…
Earnings watch: Elsewedy Electric, Oriental Weavers, Domty
EARNINGS WATCH- Elsewedy Electric’s net profit dropped 22.2% to EGP 2.7 bn in 9M2019, down from EGP 3.5 bn during…
Agro Egypt to establish EGP 20 mn sorting and packaging station
Agro Egypt plans to establish a EGP 20 mn sorting and packaging facility in Sixth of October to double its…
Earnings watch: HHD profits rise 42% in FY2018-2019, Obour land reports 3Q profits
EARNINGS WATCH- Real estate company Heliopolis Housing’s net profit was up 42% in FY2018-2019 to EGP 376.4 mn from EGP…
Kellogg announces EGP 3.6 bn in new investments in Egypt
INVESTMENT WATCH- Kellogg Company announces EGP 3.6 bn in new Investments in Egypt: Cereal and snack maker Kellogg Company earmarked…
Renaissance Capital sees inflation slowing to 3%, as weight of volatile fruits and vegetables continue to fall
Annual headline inflation should slow down to about 3% in October, down from 4.8% in September, according to Renaissance Capital’s…
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