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FRA makes operations easier for charitable funds
Endowments of registered local charities will only be required to set aside a maximum of EGP 5 mn, or 2%…
Misr Travel, Structure Line reach EGP 500 mn settlement
Misr Travel ends its dispute with Structure Line: Saudi Structure Line Development has agreed to pay an EGP 500 mn…
Earnings Watch: EFG Hermes, Palm Hills
EARNINGS WATCH - EFG Hermes’ net income rose 24% in 2Q2021, driven by growth in its non-bank lending subsidiaries and…
New JV will pour bns into education
Big plans from what could be Egypt’s biggest education consortium: Private sector education outfit CIRA and privately owned investment company…
Heliopolis Housing to move from Public Enterprises to Companies Act purview
Other things we’re keeping an eye on this morning: Heliopolis Housing is on course to become a joint stock company…
Housing boom in NAC catches the eye of the foriegn press
On an otherwise quiet morning in the foreign press: The rush to build housing to accommodate civil servants relocating to…
Arabia Holding secures EGP 800 mn loan from Banque Misr
Egyptian real estate joint stock company Arabia Holding secured a six-year EGP 800 mn loan from state-owned Banque Misr under…
Fawry, MM Group, ODE all report stellar earnings in 2Q2021
EARNINGS WATCH- Fawry’s net income rose 7% to EGP 51.4 mn in 2Q2021, up from EGP 47.9 mn in the…
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