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Shocking nobody, Kima needs to restructure its debts
The Egyptian Chemical Industries (Kima) is in talks with a syndicate of six local banks to restructure EGP 6.8 bn…
China’s Vivo to invest USD 30 mn in Egypt over two years
Chinese smartphone maker Vivo is planning to invest USD 30 mn in Egypt over the next two years, Vivo Egypt…
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,…
Pioneers, Arab Dairy report higher net income in 1Q2021, Kabo narrows losses
EARNINGS WATCH- Pioneers Holding net income inched up to EGP 299.6 mn in 1Q2020, up 10.4% y-o-y from EGP 271.3…
TONIGHT: We’re waiting on Egypt's draft budget. + More from G7 summit. ALSO: Eastern Company isn’t selling securitized bonds.
Good afternoon friends, and welcome to the start of another busy work week. Between the G7 meetings and the heads…
Reducing carbon emissions could fuel the commodities boom further
SUPERCYCLE WATCH- Global prices of metals from copper to steel are likely to soar further as China cuts production to…
Also on our radar on 10 June 2021
Other things we’re keeping an eye on this morning: Some 20% of the USD 7 bn Russian Industrial Zone (RIZ)…
Henkel Egypt is taking part in GIZ’s ProGirls project
KUDOS- Henkel Egypt is taking part in GIZ’s ProGirls project to help girls explore new fields, such as science, technology,…
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