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Banking Act to impose term limits on board members at state-owned banks
LEGISLATION WATCH- Banking Act to impose term limits on board members at state-owned banks: The new draft Banking Act would,…
Egypt’s industry could catch a break from high electricity prices, gov’t to announce new rates “in days”
Manufacturers could catch a break as gov’t looks set to announce new electricity prices for industry today: Industrial producers could…
Earnings Watch: SODIC profits dip in 1Q2019
EARNINGS WATCH- SODIC profits dip in 1Q2019: SODIC’s 1Q2019 net profits fell 24% y-o-y to EGP 161 mn from EGP…
Egypt’s non-oil industrial output climbs 27.6% to EGP 185 bn in 3Q2018
Industrial output rises by more than a quarter in 3Q2018: Egypt’s non-oil industrial output jumped 27.6% in 3Q2018 to EGP…
Bank Audi, NBG to present acquisition bid to the central bank in two week
M&A WATCH- Bank Audi, NBG seeking central bank signoff on sale: Bank Audi and the National Bank of Greece (NBG)…
UAE’s Al Fahim and Zurich Capital to invest USD mn in Egypt
INVESTMENT WATCH- UAE’s Al Fahim, Zurich Capital to invest USD 500 mn in Egypt: The UAE’s Al Fahim Group will…
Gov’t understands the importance of Egypt’s automotive strategy but lacks the correct vision, says Raouf Ghabbour
Ghabbour says gov’t lacks vision for the automotive industry: The Madbouly Cabinet’s economic group has made it clear that it…
Egypt expects subsidy spending to come in EGP 13 bn below budget in FY2018-2019
EXCLUSIVE- FinMin expects subsidy spending to come in EGP 13 bn below budget this fiscal year thanks to lower oil…
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