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Infrastructure 
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…
Real estate
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…
Earnings watch: HDB + Heliopolis Housing report 1Q 2022 results
EARNINGS WATCH- Housing and Development Bank’s (HDB) net income fell 3.5% y-o-y in 1Q 2022 to EGP 628 mn, according…
Building violations were back on the airwaves last night
Illegal construction was back in the conversation on the airwaves last night after the House of Representatives discussed amending the…
Exporters want more support as gov’t wraps up latest phase of subsidy program
Gov’t wraps up fourth phase of export subsidy program: Some EGP 261 mn in overdue export subsidies was paid out…
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