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Earnings watch: HHD profits rise 42% in FY2018-2019, Obour land reports 3Q profits
EARNINGS WATCH- Real estate company Heliopolis Housing’s net profit was up 42% in FY2018-2019 to EGP 376.4 mn from EGP…
Egypt’s Swvl plans to invest USD 25 mn in Pakistan to fund pre-seed startups
STARTUP WATCH- Swvl plans to invest USD 25 mn in Pakistan to fund pre-seed startups, Pakistani outlet Samaa reports. The…
Egyptian parliament committee gives final nod to Water Act amendments
LEGISLATION WATCH- House committee gives final nod to Water Act amendments: The House Agriculture Committee has given its final approval…
Parliament excludes banks and FRA from Data Protection Act
LEGISLATION WATCH- House committee agrees to exclude central bank, market regulator from Data Protection Act: The House ICT Committee has…
Egypt gives exporters EGP 600 mn in tax breaks to settle overdue subsidies
FinMin gives exporters EGP 600 mn in tax breaks to settle overdue subsidies: The Finance Ministry has settled EGP 600…
Sovereign wealth fund capital to quintuple to EGP 1 tn
Speaking of the sovereign wealth fund: Egypt’s SWF will see its initial capital rise fivefold to EGP 1 tn from…
Egypt taps Deloitte to appraise National Investment Bank assets ahead of restructuring
Deloitte to appraise NIB assets ahead of restructuring: The Madbouly government has contracted Deloitte to value the National Investment Bank’s…
National Bank of Egypt to divest stakes in 5-6 companies by end of 2019
PRIVATIZATION WATCH- NBE to divest in 5-6 companies by year end, create opening for private sector investors: The National Bank…
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