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GB Auto reports 1Q2018 results
EARNINGS WATCH- Leading Automotive player GB Auto has returned to profitability, reporting a net profit after tax of EGP 33.5…
Speed Round
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El Nasr Housing accepts Emaar’s EGP 100 mn settlement offer for Uptown Cairo dispute
El Nasr Housing accepts Emaar’s EGP 100 mn settlement offer for Uptown Cairo dispute: State-owned El Nasr Housing and Reconstruction’s…
TE to acquire OTMT’s MENA Cables in USD 90 mn transaction, obtain long-term USD credit facilities
M&A WATCH- TE to acquire OTMT’s MENA Cables in USD 90 mn transaction, obtain long-term USD credit facilities: Telecom Egypt…
China’s Angel Yeast to invest USD 55 mn in new factory in Beni Suef
INVESTMENT WATCH- China’s Angel Yeast is planning to invest USD 55 mn in a new food additives plant in Beni…
EBRD to start accelerator program with Flat6Labs, Jordan’s Oasis500
EBRD to start accelerator program with Flat6Labs: The European Bank for Reconstruction and Development (EBRD) will be starting an accelerator…
Enterprise chats with IFC VP Sergio Pimenta
EXCLUSIVE- We had the chance to briefly speak last week with International Finance Corporation (IFC) Vice President for Middle East…
Metro ticket prices more than triple over the weekend
Metro ticket prices more than triple over the weekend, to follow distance-based tier system: The Transport Ministry announced on Thursday…
S&P finally raises Egypt’s sovereign credit rating to ‘B’ from ‘B-’
The S&P has finally come around and raised Egypt’s sovereign credit rating to ‘B’ from ‘B-’: S&P Global Ratings raised…
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