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Egypt’s central bank keeps interest rates on hold
With one eye on inflation, the central bank leaves interest rates on hold: The Central Bank of Egypt’s Monetary Policy…
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Egypt ranks 49 out of 55 countries in Deutsche Bank’s living standards index
Egypt is ranked 49th out of 55 countries in Deutsche Bank’s survey of global prices and living standards. The index…
Earnings Watch: Orascom Construction reports 1Q2019 results
EARNINGS WATCH- Orascom Construction’s attributable profit dipped 5% y-o-y in 1Q2019 to USD 30.2 mn compared to USD 31.9 mn…
Yumamia raises USD 1.5 mn in a pre-series A round from Saudi investor
STARTUP WATCH- Cairo-based “foodtech” startup Yumamia has raised USD 1.5 mn in a pre-series A round from Saudi boutique consulting…
Egypt’s cabinet selects winning consortium for 6 October-new capital monorail
CABINET WATCH- Cabinet has selected the winning consortium for the 6 October-new capital monorail, but hasn’t said who: The Madbouly…
Government expects EGP 17 bn revenues from raising electricity prices
Government expects EGP 17 bn revenues from higher electricity prices: The government is expecting to take in some EGP 17…
Egypt’s market regulator to review draft Insurance Act after Eid break
LEGISLATION WATCH- Market regulator’s board to review draft Insurance Act after Eid break: The Financial Regulatory Authority’s (FRA) board of…
Egypt’s FRA to bring SME financing under 2014 microfinance law
LEGISLATION WATCH- FRA to bring SME financing under 2014 microfinance law: Dedicated SME lenders including finance companies and NGOs could…
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