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Elsewedy eyes stake in Egypt’s combined-cycle power plants, other Tharaa investments
Elsewedy eyes stake in Egypt’s combined-cycle power plants, Naguib looking at other potential investments through Tharaa: Elsewedy Electric is looking…
Speed Round
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Helmy, Hamza and Zulficar take home nods from Chambers Middle East
KUDOS- Helmy, Hamza & Partners was awarded the inaugural Chambers Middle EastAward for Law Firm of the Year in corporate…
Hisham Wasfy named COO of Macro Pharma Egypt
MOVES- Hisham Wasfy (LinkedIn) has been tapped as chief operating officer of cosmeceuticals producer Macro Pharma, according to a company…
Earnings watch: SODIC, Telecom Egypt, TMG, Amer Group
EARNINGS WATCH- SODIC’s 3Q2019 net profits came in at EGP 168 mn, with a profit margin of 12%, the company…
Is Egypt risking US sanctions again with potential warplane purchase from Russia?
Egypt risks US sanctions with potential purchase of Russian arms: The US could move to impose sanctions on Egypt over…
Egypt’s unemployment rate inches up to 7.8% in 3Q2019
Unemployment rises unexpectedly for first time in a year: Egypt’s unemployment rate rose for the first time in a year…
Populist measures in Egypt continue as gov’t announces lower food prices
Gov’t cuts prices of some core subsidized foodstuffs: The Supply Ministry will reduce the prices of subsidized food commodities starting…
Hong Kong’s Handa to invest USD 100 mn in Egypt jute textiles factory
INVESTMENT WATCH- Hong Kong-based textiles manufacturer Handa Enterprise in planning to invest USD 100 mn in an idle jute products…
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