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Egyptian Resorts Company, QNB Al Ahli report results
EARNINGS WATCH- Egyptian Resorts Company (ERC) posted a net loss of EGP 75.2 mn in 2018, down from a net…
El Sisi meets with Lagarde, Ivanka Trump in DC
President Abdel Fattah El Sisi met yesterday with IMF Director Christine Lagarde to discuss Egypt’s economic reform program, according to…
Gov’t to increase education, health and comms spending in FY2019-20
EXCLUSIVE- Gov’t to increase spending on health, education and financial inclusion next fiscal year: The draft FY2019-20 state budget is…
Egypt’s new Consumer Credit Act with House “in days”
LEGISLATION WATCH- Consumer Credit Act heading to House “in days”: The proposed Consumer Credit Act, which will govern retail financing…
Egypt allows subscription rights for unlisted companies
Egypt is about to see what we think is the first tradeable rights issue by a privately held company under…
Hassan Allam, Abdul Latif Jameel form JV for developing, investing in water projects
INVESTMENT WATCH- Hassan Allam, Abdul Latif Jameel form JV to develop and invest in water projects: Hassan Allam Holding and…
OIH bid for Nile Sugar draws controversy, company defends its stance
M&A WATCH- OIH bid for Nile Sugar draws controversy: Naguib Sawiris’ majority-owned Orascom Investment Holding’s (OIH) c. EGP 3.6 bn…
Egypt’s FRA signs off on new IPO regulations that could compel share buybacks
REGULATION WATCH- New IPO regulations from FRA compel share buybacks of stocks that underperform in their EGX debuts: The lead…
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