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Earnings watch: CIB delivers record 4Q, FY2019 results; MNHD profits hit EGP 1 bn
EARNINGS WATCH- CIB delivers record 4Q, FY2019 earnings: CIB posted record consolidated net profits of EGP 3.26 bn in 4Q2019,…
Egypt’s FRA grievance committee rejects Adeptio’s complaint over Americana MTO dispute
DISPUTE WATCH- Grievance committee rejects Adeptio’s cases against the FRA over Americana MTO dispute: The Financial Regulatory Authority’s (FRA) grievance…
Egypt settles overdue export subsidies with 31 companies
Gov’t settles overdue export subsidies with 31 companies: The trade and finance ministries have signed agreements with 31 foreign and…
Abu Qir could join Morgan Stanley EM Index post-stake sale -Naeem
Abu Qir could make it onto Morgan Stanley’s EM index after it completes its planned secondary stake sale, according to…
Is Egypt reviving a zombie solar panels factory project?
Is Egypt reviving a USD 2 bn zombie solar panel manufacturing project? A Chinese partner will reportedly be contracted in…
Egypt’s FRA accepts EGX proposal to extend short selling period to 6 months
REGULATION WATCH- FRA accepts EGX proposal to extend short selling, settling margin position period to 6 months: The Financial Regulatory…
Online furniture marketplace Homzmart raises USD 1.3 mn in seed round funding
STARTUP WATCH- Online furniture marketplace Homzmart has raised USD 1.3 mn in seed round funding from China’s MSA Capital, the…
Egyptian food-tech startup Elmenus raises USD 8 mn in series B round
STARTUP WATCH- Elmenus raises USD 8 mn in Algebra, Global Ventures-led series B funding round: Cairo-based food-tech startup Elmenus has…
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