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Madinet Masr, Juhayna, Orascom Development report earnings
Madinet Masr saw its net income rise 149.4% y-o-y during the first half of the year
Multinationals face leaner times as China’s growth slows
Consumer confidence remains low amid job and real estate markets that still have not recovered from the covid-19 pandemic
Polaris Parks is set to invest EGP 5 bn in new industrial complexes. PLUS: News from Saudi Drilling & Exploration, Jade Textile, EEHC
The company is waiting for five plots to be allocated
Gov’t pays back USD 21 mn of its dues to Dana Gas. PLUS: News from Masdar, Nile Developments
The energy firm received 64% of its dues for the period
What can Egypt’s construction industry do to ensure a sector-wide rebound?
The construction industry in Egypt is expected to see a compounded annual growth rate of above 8% until 2029
AfDB could help fund our 1.1 GW wind farm. PLUS: News from Ibn Sina, Palm Hills, Honor
The wind farm is slated to start commercial operations in late 2027
Contact Financial is setting up an ins. consultancy firm. PLUS: News from Banque Misr, Visa, Misr Ins., Emaar Misr
The firm will have an initial capital of EGP 10 mn and will provide comprehensive ins. services
Egypt could soon welcome its first SPAC. PLUS: News from NREA, Raya, New Jersey Developments
Catalyst Partners has applied for a SPAC license
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