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Earnings watch: Egypt’s Domty reports EGP 34.7 mn 3Q2018 net profit
EARNINGS WATCH- Cheese producer Domty reported a net profit of EGP 34.7 mn in 3Q2018, up from EGP 22 mn…
Speed Round
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Tarek Fahmy top candidate for sub-governor post at CBE
MOVES- Tarek Fahmy (LinkedIn) is the frontrunner to become the CBE’s new sub-governor for risk management and banking supervision, an…
Own a ‘modern’ car or have a big mobile phone bill? No subsidies for you.
Own a ‘modern’ car or have a big mobile phone bill? No subsidies for you. The government will use a…
Gov’t to launch debit card Meeza in 2Q2019
The government aims to launch its “Meeza” debit card in 2Q2019, beginning with subsidy payments, CIT Minister Amr Talaat told…
Central bank “putting final touches” on revised Banking Act to present it by year end
LEGISLATION WATCH- The central bank is “putting the final touches” on the revised Banking Act and is on track to…
Israel to supply natural gas to Greece, Italy and Cyprus
Israel wants to build a USD 7-8 bn pipeline to supply natural gas to Europe: Israel has signed agreements with…
CBE to provide mobile lending services in 1H2019
Central bank to allow mobile lending in 1H2019 –report: The CBE allow mobile lending as early as 1H2019 as part…
Rising tension in Ukraine could threaten flow of wheat, tourists to Egypt
Rising tension in Ukraine could threaten one of Egypt’s key sources of wheat and tourists: Ukraine, one of Egypt’s top…
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