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Earnings watch: B Investment’s profits dip 10.6% y-o-y
EARNINGS WATCH- B Investment’s consolidated net profits after tax dropped 10.6% y-o-y in 2019 to EGP 173.7 mn, from EGP…
EMs have done better than European countries to contain covid-19, but will struggle to finance lockdowns -RenCap
Emerging markets have done better than European countries to contain covid-19, but will struggle to finance lockdowns -RenCap: Emerging markets…
EGX slips back into the red, closing down 1.5%
The EGX30 slipped back into the red yesterday, closing down 1.5% to resume a spell of volatility that has gripped…
Amer talks covid-19 and the Egyptian economy
Amer talks covid-19 and the Egyptian economy: Central Bank of Egypt Governor Tarek Amer yesterday phoned into Sada El Balad…
CBE temporarily sets daily limit on bank, ATM cash withdrawals and deposits
CBE temporarily sets daily limit on bank, ATM cash withdrawals and deposits: The Central Bank of Egypt (CBE) decided yesterday…
Fawry MD resigns to set up USD 25 mn fintech investment fund
MOVES- Fawry MD resigns to set up USD 25 mn fintech investment fund: Mohamed Okasha has resigned from his position…
Earnings watch: Orascom Construction profits dip 16.2% y-o-y
EARNINGS WATCH- Orascom Construction profits dipped 16.2% y-o-y in 2019 to USD 121.3 mn, compared to USD 144.7 mn the…
Al Ahly Investments acquires 21% capital of Sohag National Food Industries’
M&A WATCH- National Investments Co. has acquired a 21% stake in Sohag National FoodIndustries’ (SNFI) for EGP 190 mn, SNFI…
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