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Foreign oil and gas companies in Egypt to increase investments to USD 11 bn
INVESTMENT WATCH- Investment in Egypt by global oil majors is on track to rise c. 10% this fiscal year, unnamed…
Egypt’s CIB sets up VC arm CVentures to invest in fintech startups
CIB launches corporate venture capital arm: Our friends at CIB have launched a captive venture capital arm, CVentures, to invest…
Egypt’s BMW agent said to be considering sale to Egypt, Arab investors
BMW agent in Egypt considering sale? Bavarian Auto Group, the exclusive agent in Egypt for BMW automobiles, may be looking…
Gov’t denies reports suggesting bank accounts of tax cheats would be frozen
Gov’t says it has no plans to freeze the bank accounts of tax evaders: Cabinet said in a statement that…
Egypt’s real estate looking up with 44% annual jump in pre-sales
Real estate slowdown? What real estate slowdown? For some months now, conventional wisdom has held that the top end of…
Egypt “paving the way” for a weaker EGP with simplified FX policy -Capital Economics
Egypt “paving the way” for a weaker EGP with simplified FX policy, says Capital Economics: The EGP will likely weaken…
EFG Hermes’ CEO Walid Hassouna joins KarmSolar’s board
MOVES- EFG Hermes Finance CEO Walid Hassouna and market expert Nadia Ellozy have joined KarmSolar’s board of directors,the company said…
Earnings Watch: SODIC reports 44% y-o-y net profit growth in 3Q2018
EARNINGS WATCH- SODIC reported 44% y-o-y growth in its bottom line to EGP 238 mn in 3Q2018 with a strong…
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