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Earnings Watch- Cleopatra Hospitals Group, Pioneers Holding, Suez Cement, Sidi Kerir for Petrochemicals
EARNINGS WATCH- Cleopatra Hospitals Group reports a 67% y-o-y decline in 2Q2020 net profits to EGP 14 mn, down from…
Manufacturers continue lobbying efforts to cut gas prices ahead of fuel committee meeting
Manufacturers are pushing ahead with an aggressive lobbying campaign that aims to convince the state to cut natural gas prices.…
The state goes on the offense to repatriate allocated land plots from investors
The Industrial Development Authority (IDA) is gearing up to repossess industrial land from companies that “aren’t serious” about meeting construction…
Premium Int’l to issue a third securitized bond offering this week
DEBT WATCH- Premium Int’l to issue a third securitized bond offering this week: Consumer finance firm Premium International for Credit…
Amer Group to issue EGP 2 bn corporate sukuk
DEBT WATCH- Amer Group to issue EGP 2 bn corporate sukuk: Amer Group will issue its first corporate sukuk offering…
SFE officially launches financial services sub-fund
INVESTMENT WATCH- SFE officially launches its first sub-fund dedicated to financial services: Planning minister and chairperson of the Sovereign Fund…
Egypt Kuwait Holding raises stake in Delta Insurance to 61.5%
M&A WATCH- Egypt Kuwait Holding (EKH) has raised its stake in Delta Insurance to 61.5% from 56.5% in a EGP…
Inflation to rise to 6.2% in 4Q- Amer
Amer sees slight uptick in inflation in the final quarter of the year: Egypt’s annual inflation rate is expected to…
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