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MM Group retail offering 4.7x oversubscribed so far
With one day to go in the subscription period, MTI’s retail offering is 4.7x oversubscribed, Al Borsa reports. The company…
Al Hokair to invest USD 100 mn in solar energy projects this year
Saudi’s Al Hokair Group is planning to invest USD 100 mn in Egypt’s solar power sector this year, Al Borsa…
Fund buys 12.4% of GB Auto’s shares
Much ado about nothing: The local and international press alike are making a bit too much out of a disclosure…
SODIC signs EGP 1.3 bn medium term facility with AAIB
Real estate developer SODIC signed yesterday an EGP 1.3 bn medium-term facility with Arab African International Bank (AAIB), according to…
Supply Ministry subsidy card purge is still on, 10% of beneficiaries to be removed in April and May
Kramers will not live to mooch another year after all: The Supply Ministry is not shelving plans to remove subsidy…
Egyptian economy to soon “take off” -Werr
The Egyptian economy looks like it will soon take off, veteran finance writer Patrick Werr writes in The National. He’s…
Foreigners bought USD 1 bn worth of Egyptian debt since mid-March
Foreign holdings of Egyptian debt has grown by more than USD 1 bn since mid-March, Ahmed Feteha writes for Bloomberg.…
Earnings watch: Domty
EARNINGS WATCH- Cheese manufacturer Domty’s net profit plunged 80% y-o-y to EGP 25.6 mn in 2016 as the company posted…
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