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Jaz Group to inaugurate Hurghada, Soma Bay hotels in September
Jaz Hotel Group will open two new hotels this September, one in Hurghada and the other in Soma Bay, at…
Emaar Misr obtains approval for EGP 11.5 bn Cairo Gate project
Emaar Misr has obtained Housing Ministry approval for the blueprint of its EGP 11.5 bn CairoGate residential project in Sheikh…
Optimism for a recovery following a 2020 pummeling in the Middle East
2020 sucks, but folks in the GCC are increasingly optimistic about prospects for a recovery: Although low oil prices and…
Acquisition talks between OIH, Qatari Diar for City Gate project end without agreement
M&A WATCH- Talks that could have seen Naguib Sawiris acquire City Gate from developer Qatari Diar have collapsed after the…
Earnings Watch: Centamin Mining, Ezz Steel, Juhayna, Amer Group, MNHD, ERC
EARNINGS WATCH- Centamin Mining pre-tax profits surge on rising gold prices, higher production: Centamin Mining’s pre-tax profits soared by 221%…
ODE taps veteran management consultant Omar El Hamamsy as CEO
MOVES- Orascom Development Egypt (ODE) has appointed ex-McKinsey & Company senior partner Omar El Hamamsy (LinkedIn) its new CEO, according…
Egyptian Steel, Edita, Beltone now listed on rebalanced EGX30
The EGX30 swapped five companies in its regular rebalancing last week. The full rundown of the rebalancing is here (pdf).…
Earnings watch: TMG, Credit Agricole
EARNINGS WATCH- Talaat Moustafa Group (TMG) reported a drop in net income to EGP 705 mn in 1H2020, compared to…
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