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SODIC seals EGP 600 mn financing agreement with Ahli United Bank
SODIC subsidiary to borrow EGP 600 mn from Ahli United Bank: Ahli United Bank has agreed to provide SODIC subsidiary…
Real estate
Another gas discovery for British SDX in South Disouq
SDX strikes more gas: UK-based SDX Energy has made its largest gas discovery yet at its South Disouq concession after…
New EU funding for food security headed to silos + agri-SMEs
EU funding to bolster wheat storage capacity, small farmers: The EUR 100 mn in food security funding announced by the…
El Gouna gets a new CEO
Orascom Development has appointed Mohamed Amer (Linkedin) as the CEO of its flagship El Gouna town, according to a statement…
Insurance startup Amanleek wins Orange fintech competition
The formidable 13-year-old Egyptian-Hungarian violinist Mariam Abouzahra won the Golden Note — a televised classical music competition run by the…
Palm Hills’ net income rises 44% in 1Q 2022
Palm Hills Developments’ (PHD) bottom line surged 44% y-o-y in 1Q 2022, driven by a strong increase in sales, the…
Earnings Watch: E-Finance, Palm Hills
E-Finance’s net income soared 41% y-o-y in 1Q2022 to EGP 200.3 mn, according to the company’s earnings release (pdf). Revenues…
Earnings watch: MM Group, Oriental Weavers, Emaar Misr report 1Q2022 results
EARNINGS WATCH- MM Group reported a 60.1% y-o-y drop in its 1Q2022 bottom line, recording EGP 51 mn, according to…
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