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Egyptian cheese maker Obour Land records EGP 232.2 in 2018 profits
EARNINGS WATCH- Egyptian cheese maker Obour Land recorded a net profit of EGP 236.2 mn in FY2018, down 2.4% y-o-y…
Speed Round
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Suez Canal revenues rise for the month of January
Suez Canal revenues rose to USD 468.7 mn in January 2019, up from USD 451.9 mn in January of last…
EBRD launches initiative to support women in Egypt’s renewable energy sector
The European Bank for Reconstruction and Development launched yesterday a program to support women in Egypt’s renewable energy sector, according…
Emaar, El Nasr negotiations signal potential resolution, case still with court
BEEF WATCH- Case against Emaar still under court review but negotiations are positive: An arbitration case againstEmaar Misrfiled by El…
Egypt’s cabinet to devise plan to bring in new US investments
The government is working to devise a plan to attract new US investments from big players, according to a Cabinet…
EFG advising on USD 500 mn M&A in Saudi, looks forward to more from kingdom
M&A WATCH- Our friends at EFG Hermes are advising on an unspecified USD 500 mn M&A transaction in Saudi Arabia,…
Regs for Egypt’s new Cyber Crimes Act out this month
LEGISLATION WATCH- Cyber Crimes Act regs out this month: The executive regulations for the controversial Cyber Crimes Act — a…
Egypt’s taxpayers concerned over harsh penalties in draft law on tax procedures
EXCLUSIVE- FinMin to ease tax violation penalties under draft tax procedures law: The Finance Ministry has agreed to amend the…
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