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FinMin eyes more ambitious debt-to-GDP ratio targets for Egypt within three years
FinMin eyes more ambitious debt-to-GDP ratio targets within three years: The Finance Ministry is planning to reduce Egypt’s debt-to-GDP ratio…
Enterprise Poll: CBE could cut interest rates on Thursday
SURVEY- CBE could cut key interest rates this Thursday: The Central Bank of Egypt (CBE) could finally cut benchmark interest…
Waleed Awad named head of Damietta Port
MOVES- Transport Minister Kamel El Wazir named Waleed Awad as head of the Damietta Port Authority, succeeding Tarek Shahin who…
Earnings watch: Raya Holding, Domty, Suez Cement, Tourah Cement
EARNINGS WATCH: Domty 2Q2019 net profits fall 35% y-o-y: Arabian Food Industries (Domty) reported 2Q2019 net income of EGP 37.5…
Egypt’s Zohr natgas output triples in 1H2019
Zohr natgas output triples in 1H2019: The Zohr natural gas field produced some 11.3 bn cubic meters (bcm) in 1H2019…
US recession indicator flashes red as weak economic data triggers global stock sell-off
US recession indicator flashes red as weak economic data triggers global stock sell-off: Financial markets recoiled yesterday as poor German…
El Sisi ratifies Mineral Resources Act, Economic Court Act amendments
LEGISLATION WATCH- El Sisi ratifies key legislation: President Abdel Fattah El Sisi has ratified the Mineral Resources Act, which introduces…
Madbouly Cabinet approves amendments to MCDR Act
CABINET WATCH- Madbouly Cabinet approves amendments to MCDR Act: The Madbouly Cabinet approved on Thursday amendments to the Misr for…
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