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Speed Round
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Egypt sells EUR 695.1 mn of one-year treasury bills
Egypt sold EUR 695.1 mn worth of EUR-denominated one-year treasury bills yesterday, central bank data shows. Yields on the bills…
Egypt targeting USD 11.2 bn in foreign investments by 2022
Egypt sees foreign direct investment at USD 11.2 bn in 2022, with inflows into renewable energy opportunities contributing c. 12%…
Earnings Watch: GB Auto, Orascom Development Egypt
EARNINGS WATCH- GB Auto reported a consolidated net profit of EGP 240.4 mn in 3Q2018, reversing losses of EGP 138.9…
House backs legislation to tax social media ads
House backs legislation to tax social media ads: MPs will support the Finance Ministry’s drive to collect taxes on domestic…
CIRA to IPO Badr City medical complex
IPO WATCH- CIRA will eventually look to IPO its Badr City medical complex: Private-sector education provider Cairo Investment and Real…
Careem invests USD 100 mn in bus service in Egypt, with pilot set to launch before end of year
INVESTMENT WATCH- Careem’s USD 100 mn bus service in Egypt scheduled for pilot run. Careem has invested USD 100 mn…
EAEF to invest USD 3 mn in in primary care clinic chain Dawi
INVESTMENT WATCH- EAEF to invest USD 3 mn in primary care clinic chain Dawi: The Egyptian-American Enterprise Fund (EAEF) announced…
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