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Earnings watch: Elsewedy Electric, Oriental Weavers, Domty
EARNINGS WATCH- Elsewedy Electric’s net profit dropped 22.2% to EGP 2.7 bn in 9M2019, down from EGP 3.5 bn during…
Egypt’s parliament to vote on Data Protection Act next week
LEGISLATION WATCH- The House of Representatives is due to vote on the Data Protection Act in a plenary session next…
Egypt’s core inflation rises fractionally in October; CBE sells EUR 695 mn in one-year EUR-denominated treasury bills
Egypt’s annual core inflation rose marginally in October to 2.7% from 2.6% the previous month, the CBE said yesterday (pdf).…
IFC could invest USD 25 mn in Lorax Capital SME PE fund
INVESTMENT WATCH- IFC could put USD 25 mn into Lorax SME PE fund: The International Finance Corporation could provide USD…
Egypt’s Swvl plans launch in the Philippines, Indonesia and Bangladesh as expansion wave continues
STARTUP WATCH- Swvl plans launch in the Philippines, Indonesia and Bangladesh as expansion wave continues: Egyptian ride-hailing app Swvl plans…
Egypt’s Yodawy raises USD 1 mn in Algebra-led Series A funding round
STARTUP WATCH- Egypt’s Yodawy raises USD 1 mn in Algebra-led series A funding round: Yodawy, Egypt’s largest online digital pharmacy…
Eni not interested in acquiring Dana Gas Egypt portfolio
M&A WATCH- Italy’s Eni is not looking to acquire the Dana Gas’ assets in Egypt, Eni CEO Claudio Descalzi tells…
Egypt’s Ezz Dekheila Steel launches MTO for Ezz Rolling Mills
M&A WATCH- Ezz Dekheila launches MTO for Ezz Rolling Mills: Ezz Dekheila Steel presented yesterday a mandatory tender offer (MTO)…
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