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ADQ still wants Amoun Pharma
ADQ moves forward with EGP 10 bn bid for Amoun Pharma: A subsidiary of Abu Dhabi’s sovereign wealth fund ADQ…
Fully vaccinated? You no longer need a PCR test to come to Egypt
Egypt is now open to fully-vaccinated travellers: Fully vaccinated individuals will no longer have to present negative PCR test results…
Is new Alzheimer’s drug a groundbreaking treatment, or the FDA’s biggest mistake?
When the first new Alzheimer’s drug in 20 years was approved by the FDA earlier this month, many expected the…
Smoking up in the office will now cost you your job
Public-sector employees can now be automatically dismissed if they test positive for illegal substances after President Abdel Fattah El Sisi…
Sinai Cement widens losses + GSK’s Egypt arm announces coupon payments
EARNINGS WATCH- Sinai Cement saw its net losses widen to EGP 148 mn in 1Q2021, up from EGP 106 mn…
Palm Hills Development scores an impressive 1Q2021
Palm Hills Development’s bottomline soared 152% y-o-y to EGP 205 mn during 1Q2021, up from EGP 81 mn in 1Q2020,…
Banque Misr can now open a branch in KSA
Other things we’re keeping an eye on this morning: The Saudi Central Bank (SAMA) has officially listed Banque Misr among…
Sodic, Ibnsina report higher net incomes, OIH narrows net losses
EARNINGS WATCH- Sodic’s bottom line surged over three-fold in 1Q2021, reaching EGP 100 mn after tax and minority interest, from…
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