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Earnings Watch: EFG Hermes, Orascom Construction report 3Q2021 results
EFG Hermes’ net income dropped 16% y-o-y to EGP 356 mn in 3Q2021, according to its quarterly earning release (pdf).…
TONIGHT: Tanmeyah is now wholly owned by EFG + unemployment inches up in 3Q2021
It’s an energy-focused hump day, ladies and gentlemen, with a flurry of energy news coming out of various global oil,…
Zilla Capital acquires two firms, eyes two more acquisitions
Investment firm Zilla Capital has acquired Naeem Holdings subsidiary Naeem Capital Investment, according to an EGX disclosure (pdf). Naeem Capital…
Aspire Capital establishes Kheir Microfinance
Aspire Capital Holding (formerly Pioneers Holding) has set up a microfinance arm, Kheir Microfinance, the company said in a regulatory…
TONIGHT: It’s Prophet Muhammad’s birthday + the ECA isn’t happy that M&A agreements are happening without its knowledge.
Good afternoon, ladies and gentlemen. The foreign business press today is warning of a potential EM selloff on the back…
Beware the clueless tourist VC + Melbourne citizens come out of lockdown
Beware the clueless tourist VC: The soaring interest in Egyptian startups from foreign VCs may seem opportune. But without the…
Suez Canal revenues up 12.4% so far this year
The global rise in commodity prices is hitting local aluminium, as Egypt Aluminum has raised the price at which it…
Pioneers Holding to rebrand, insurance for workers abroad and Fawry partners with Uber
Egyptian workers abroad will be able to get state-backed ins. policies here at home starting 2022 under a decision (pdf)…
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