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CBE plays it safe and leaves rates on hold in July
CBE plays it safe and leaves rates on hold: The Central Bank of Egypt’s Monetary Policy Committee (MPC) left key…
Earnings watch: Egypt’s QNB Al Ahli reports EGP 2.2 bn in 2Q2019 profits
EARNINGS WATCH- QNB Al Ahli reported a net profit of EGP 2.2 bn in 2Q2019, up 18.4% y-o-y from EGP…
Mohamed El Erian nominated to become the next head of the IMF
El Erian in the running to become the next IMF head: Former PIMCO CEO, Bloomberg columnist, and all-round market guru…
Egypt’s wheat imports decline by 9.6% in 1H2019
Good news for bread subsidy watchers (and bad news for wheat importers) — wheat imports, prices fall: Wheat imports declined…
Al Sahab Real Estate to set up USD 300 mn wholesale clothing market
INVESTMENT WATCH- Al Sahab to set up USD 300 mn wholesale clothing market: The Supply Ministry’s Internal Trade Development Authority…
Boudy Group freezes plans to assemble Changhe cars in Egypt amid weak competition
Boudy Group halts plans to assembly Changhe cars, saying Chinese cars don’t sell as well: Boudy Group, the local distributor…
Egypt’s House approves contents of new Social Security and Pensions Act
LEGISLATION WATCH- The House of Representatives’ general assembly approved yesterday the new Social Security and Pensions Act, which would see…
Madbouly Cabinet signs off on El Nasr, Emaar settlement
DISPUTE WATCH- Madbouly Cabinet signs off on El Nasr, Emaar settlement: The Madbouly Cabinet has signed off on the settlement…
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