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Eastern Company profits down 21% in 4Q2019-2020
EARNINGS WATCH- Eastern Company reported net profits of EGP 663 mn in 4Q2019-2020, down 21% from EGP 837 mn last…
National Bank of Egypt, Banque Misr chairmen reappointed for three-year terms
MOVES- National Bank of Egypt and Banque Misr bosses get three more years in office: A statement (pdf) says that…
Banking Act signed into law
LEGISLATION WATCH- The Banking and Central Bank Act is now the law of the land after President Abdel Fattah El…
MetLife partners with Yodawy on integrated medical services platform
Insurance giant MetLife has partnered with Egyptian pharma app Yodawy to launch a digital platform allowing its users to manage…
Natural Gas Regulatory Authority to resume talks natgas import licenses after two-year hiatus
Private sector companies could see natural gas import plans dusted off as talks on licensing resumes: The Natural Gas Regulatory…
Is the government exempting factories from property tax?
Are factories getting the real estate tax break they’ve been hoping for? Industry could be getting a leg up from…
Settlement deadline for illegal construction extended until the end of October
People are being given another month to settle with the gov’t for illegal construction: The government has pushed the deadline…
Bank ABC begins due diligence on Blom Bank Egypt
M&A WATCH- Bank ABC starts due diligence on Blom Bank Egypt: The Arab Banking Corporation (ABC) has begun due diligence…
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