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CBE keeps interest rates on hold at Thursday meeting
The Central Bank of Egypt left key interest rates unchanged when it met on Thursday, according to a CBE statement…
Speed Round
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USD 5 bn merger to create Saudi Arabia’s third-largest lender
USD 5 bn merger to create Saudi Arabia’s third-largest lender: HSBC-owned Saudi British Bank (SABB) is acquiring Alawwal Bank in…
Vodafone’s Vittorio Colao to step down, hands over to protege Nick Read
MOVES- Vodafone CEO Vittorio Colao is stepping down in October and handing the position over to protege Nick Read, Reuters…
Careem looks to roll out service in 250 cities in MENA, Turkey, and Pakistan
Careem is looking to roll out service in 250 cities across the MENA region, Turkey, and Pakistan as it works…
Earnings: BPE Holding
EARNINGS WATCH- B Investments reported a net profit after tax of EGP 33.5 mn in 1Q2018, down from EGP 54.9…
Elsewedy Electric replaces GTH on MSCI Index
Elsewedy Electric replaced Global Telecom Holding (GTH) on the MSCI Global Standard Index (pdf), while GTH and Misr Fertilizers Production…
House signs off on Social Housing and Mortgage Finance Support Act
LEGISLATION WATCH- House signs off on Social Housing and Mortgage Finance Support Act: The House of Representatives signed off on…
Idku, Damietta gas export plans to run a full capacity by end of 2019?
Idku, Damietta gas export plans to run a full capacity by end of 2019? “The start of the third production…
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