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Beltone to launch three NBFS firms next month, eyeing return to profitability
Beltone Financial Holding will set up three new non-banking financial companies in September in a bid to return to profitability,…
What we’re tracking on 18 August 2020
Welcome to the final workday of this abbreviated workweek. We hope you’ve all made plans for the long weekend —…
EFG’s ValU is in talks with Egyptian banks for EGP 250 mn credit facility
EFG Hermes’ e-finance platform ValU is currently in talks with several unnamed banks for a new EGP 250 mn credit…
Egypt in the News on 18 August 2020
It’s another pleasantly quiet news day for Egypt in the international press. Al Monitor says tech startups could help pull…
What we’re tracking on 18 August 2020
It’s a busy news day on this second-to-last business day of the week — and we’re really looking forward to…
GEMS and ValU sign tuition facilitation partnership — tuition payment in the time of covid-19
Tuition payment in the time of covid-19: School operator GEMS is expected to announce today an agreement with ValU —…
EFG Hermes appoints Mohamed Gabr to head legal team
MOVES- EFG Hermes has appointed high profile corporate lawyer Mohamed Gabr (Linkedin) as general counsel and to provide strategic advice…
Earnings Watch: Orascom Development Egypt, Rameda, Fawry, B Investments, Raya, Beltone, ADIB, Oriental Weavers, GSK
EARNINGS WATCH- Rameda Pharma reported 54% bottom line growth in 2Q2020, with net profits rising to EGP 19.9 mn from…
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