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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…
HHD extends contract to co-develop New Heliopolis land with Sodic
HHD extends contract to co-develop New Heliopolis land with Sodic: State-owned Heliopolis Housing and Development’s (HHD) board of directors agreed…
Real estate developers oppose VAT on non-residential properties
LEGISLATION WATCH- Real estate developers oppose VAT on non-residential properties: Real estate developers have pushed back on proposed legislative amendments…
Sodic boss expects Egypt’s real estate sector to recover starting 2H2020
Sodic boss expects real estate to stage recovery starting 2H2020: Property sales could start bouncing back throughout the second half…
Egypt’s cabinet approves USD 500 mn housing facility from the World Bank
CABINET WATCH- Cabinet greenlights USD 500 mn World Bank housing facility extension: The Madbouly Cabinet ratified in its meeting last…
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