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Earnings watch: TMG Holding, TE report FY2018 results
EARNINGS WATCH- TMG Holding reported a 28% increase in 2018 net profit to EGP 1.7 bn, the company said in…
Former Centamin COO Mark Morcombe named chief operating officer at Endeavour Mining
MOVES- Mark Morcombe, the former chief operating officer at Egyptian gold minder Centamin, has been named COO at Toronto Stock…
GAFI to send Investment Act’s draft amendments to cabinet within days
LEGISLATION WATCH- GAFI drafting amendments to Investment Act? The General Authority for Free zones and Investments is planning to send…
AIND completes UE Finance buyout at EGP 14 mn
M&A WATCH- AIND completes EGP 14 mn buyout of UE Finance: Arabia Investment, Development and Financial Investment Holding Company (AIND)…
CBE amends how state-subsidized mortgages to low-income households will be dispersed
CBE amends how state-subsidized mortgages to low-income households will be disbursed: The central bank amended the terms for how the…
Government to raise electricity prices next July
Reminder: Electricity prices are going up again in July: Electricity Minister Mohamed Shaker reminded the House Energy and Environment committee…
El Sisi ratifies new tax treatment for Egyptian banks
LEGISLATION WATCH- El Sisi ratifies new tax treatment for banks: President Abdel Fattah El Sisi has signed off on proposed…
Trella raises USD 600k+ in pre-seed funding round led by Algebra
EXCLUSIVE- Trella raises >USD 600k in pre-seed funding round led by Algebra: Trella, the trucking marketplace that connects shippers to…
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