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Egypt’s parliament approves int’l grants to develop investment, transport, sanitation
House approves EUR 122.7 mn in financing from EIB for transport, sanitation: The House of Representatives’ general assembly approved yesterday…
Egypt, Sudan, Ethiopia agree to hold daily GERD talks in search of an agreement
Egypt, Sudan and Ethiopia agreed yesterday to hold more talks on the Grand Ethiopian Renaissance Dam (GERD) over the next…
SCZone and SFE to partner on rail projects in East Port Said
Sovereign fund is getting in on a railcar assembly plant in East Port Said with the SCZone: The Suez Canal…
Al Ahly Capital in talks to acquire e-payments firms Momken, Sadad
M&A WATCH- Al Ahly Capital is in talks to acquire 100% of e-payments firms Momken and Sadad in transactions that…
Electricity prices to rise 16-30% July, but subsidies are with us until 2025
Your electricity bill will rise by as much as a third in July — but subsidies won’t be fully lifted…
Earnings Watch: Orascom Development, Eastern Company
EARNINGS WATCH- Orascom Development profits fall 50% in 1Q2020: Orascom Development Egypt (ODE) profits fell 51% year-on-year to EGP 92…
BRIEFLY NOTED- CBE’s POS machines, Emaar Misr says Cairo Gate isn’t new, Sika closes Bitumode acquisition
BRIEFLY NOTED- It will cost the central bank EGP 500-600 mn to finance the cost of rolling out 100k point-of-sale…
FRA will allow outsiders who are not board members to sit on audit committees
REGULATION WATCH- You can now have an outside party who isn’t a board member sit on your audit committee following…
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