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Declan Walsh will leave his post as New York Times Cairo bureau chief
MOVES- The New York Times’ Declan Walsh will be leaving his post as Cairo bureau chief this summer for a…
Earnings Watch- Dice profits fall 28% in 2019
EARNINGS WATCH- Dice reported a 28% y-o-y drop in its consolidated net profits in 2019 to EGP 115.2 mn from…
National Bank of Egypt, Banque Misr sell EGP 82 bn of high-yield certificates
State banks sell EGP 82 bn of high-interest savings certificates: National Bank of Egypt has sold EGP 56 bn of…
FRA says Cairo 3A will have to pay nearly 1% more than expected to acquire Egyptian Starch & Glucose
M&A WATCH- Cairo 3A will have to pay nearly 1% more than expected to acquire Egyptian Starch & Glucose after…
GEMS to invest USD 300 mn to open 30 new schools across its footprint
INVESTMENT WATCH- GEMS to invest USD 300 mn to open 30 new schools across its footprint: Private sector education outfit…
Infinity Power to invest USD 750 mn in clean energy in Egypt, Africa
INVESTMENT WATCH- Infinity Energy and the UAE’s Masdar are planning to invest USD 750 mn in clean and renewable energy…
Egypt non-oil import bill slashed by a quarter in 1Q2020
Egypt’s non-oil import bill slashed by a quarter in 1Q2020: Egypt’s non-oil imports fell noticeably to USD 13.81 bn in…
Egypt’s financing gap forecast at nearly EGP 1 tn- FY 2020-21 budget
FinMin sees Egypt’s financing gap at nearly EGP 1 tn next fiscal year: The Finance Ministry needs EGP 988 bn…
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