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Earnings watch: Edita net profit increases 26.3% y-o-y in 2Q2019
EARNINGS WATCH- Edita net profit increases 26.3% y-o-y in 2Q2019: Snack food maker Edita recorded a 26.3% y-o-y increase in…
Dubai financial regulator fines Abraaj USD 314.6 mn for “serious wrongdoing”
Dubai financial regulator hands record USD 314.6 mn fine to Abraaj for “serious wrongdoing”: Former private equity giant Abraaj has…
Egypt’s vehicle sales sustain downward trend in 1H2019
Vehicle sales sustain downward trend during the first half of the year: Total car sales in Egypt stood at 74,084…
MENA fund managers are keeping their Egypt investments unchanged for now
MENA-based fund managers are keeping their allocations to Egypt unchanged over the next period, according to a Reuters poll. The…
Canal Sugar plans new USD 200 mn grain terminal in Damietta
INVESTMENT WATCH- Canal Sugar plans new USD 200 mn grain terminal in Damietta: Al Ghurair Group’s Canal Sugar is planning…
Fas Energy to invest USD 500 mn in waste energy plant
INVESTMENT WATCH- Fas Energy to invest USD 500 mn in waste energy plant: Saudi-based Fas Energy is planning to invest…
Dana Gas confirms it hired financial advisors to look at Egypt exit
Dana Gas confirms hiring financial advisors for the potential sale of Egypt assets: Dana Gas confirmed reports earlier this week…
Mondelēz to open up new product line in Egypt “in coming phase”
INVESTMENT WATCH- Mandolin maker Mondelēz to launch new product line in Egypt: Snack-maker Mondelēz International plans to open a new…
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