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Abu Kir Fertilizers nine-month profits jump 33%
EARNINGS WATCH- Abu Kir Fertilizers reported a 33% y-o-y rise in its 9MFY2018-19 profits to EGP 2.6 bn, up from…
Halan reaches 10 mn rides and deliveries, plans expansion into other MENA markets
STARTUP WATCH- Egyptian tuk-tuk and motorbike ride-hailing app Halan has reached the 10 mn ride and delivery milestone, the company…
Smart Egyptian AI startup seals early funding round
STARTUP WATCH- Smart AI startup idea seals early funding round: Homegrown startup MerQ Artificial Intelligence has recently secured seed funding…
Financial Regulatory Authority issues regulations for sukuks in Egypt
REGULATION WATCH- The Financial Regulatory Authority (FRA) issued regulations governing the issuance and listing of sukuks, the market regulator said…
FinMin gives 15 government entities until end of month to disclose special funds
FinMin issues ultimatum to gov’t entities on disclosing special funds before month-end: The Finance Ministry has issued formal requests to…
FinMin decides to raise stamp tax on mobile phone bills to EGP 12
EXCLUSIVE- FinMin committee examines stamp tax overhaul: A Finance Ministry committee is looking would could be a “large number” of…
Egypt’s gov’t still studying lower energy prices for factories
Gov’t studying lower energy prices for factories? The government is looking into revising the price at which it sells energy…
Carbon begins construction of USD 11 bn Tahrir Petchem Complex
Carbon breaks ground on USD 11 bn Tahrir Petchem Complex: Carbon Holdings has broken ground on its USD 10.9 bn…
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