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Logistics (MENA) 
Net profit drops for Palm Hills, HHD, and Arabian Cement in 2Q2020
EARNINGS WATCH- Palm Hills Developments (PHD) saw its net profit after tax fall 37% to EGP 195 mn in 2Q2020…
Real estate
What we’re tracking on 2 September 2020
It’s relatively quiet on the news front on this second day of September as the business community begins a two-week-long…
Banque Misr, NBE sign EGP 4 bn agreement with Talaat Moustafa subsidiary to develop residential projects
Banque Misr and the National Bank of Egypt (NBE) have signed a EGP 4 bn financing agreement with Talaat Moustafa…
Egypt in the News on 1 September 2020
It’s a mixed bag of nuts in the pages of the foreign press this morning: AFP and Arab News picked…
Naguib Sawiris-owned Ora looks to debt market to finance projects
DEBT WATCH- Naguib Sawiris’ Ora Developers is looking to issue bonds and take out more loans to finance its real…
Egypt to invest EGP 134.2 bn in seawater desalination plants through 2050
Egypt is investing some EGP 134.2 bn through 2050 to build seawater desalination plants that would give us 6.4 mn…
CIB, MNHD sign EGP 1.1 bn syndicated loan agreement
Our friends at CIB will be leading a consortium to arrange a EGP 1.1 bn syndicated loan for Madinet Nasr…
Hyper One inaugurates EGP 650 mn new branch on Cairo-Alex road
Hyper One supermarket has opened a new 50k sqm location in New Sphinx City on the Cairo-Alexandria desert road, Mohamed…
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