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Earnings watch: Cleopatra Hospitals, Orascom Investment Holding
EARNINGS WATCH- Cleopatra Hospitals Group’s net profit rose 11% y-o-y in 3Q2020 to EGP 80 mn, up from EGP 72.2…
Egyptian e-commerce platform ExpandCart raises USD 2.5 mn in series A funding
STARTUP WATCH- Egyptian e-commerce platform ExpandCart raised USD 2.5 mn in a series A funding round led by Sawari Ventures,…
Small businesses to get 6-month grace period on leases for new industrial units
Small businesses will be given a six-month grace period before they have to pony up for leases on units in…
Customs officials unlikely to reduce insurance requirement for Egypt’s brokers
LEGISLATION WATCH- Brokers are unlikely to get a break on new higher insurance payments introduced under recently-ratified changes to the…
Etisalat Misr to invest EGP 5 bn in network infrastructure in 2021
Etisalat will spend EGP 5 bn to upgrade its network infrastructure and invest in advanced technologies in Egypt in 2021,…
Sarwa sukuk issuance gets green-light from regulators
DEBT WATCH- Biggest corporate sukuk yet gets regulatory approval: Sarwa Capital’s EGP 2.5 bn sukuk issuance was approved by the…
Talks of Banque du Caire IPO “premature” -sources
IPO WATCH- Talk of when Banque du Caire (BdC) might reschedule its IPO on the EGX are “premature” in light…
RenCap bullish on Egypt, sees EM inflows gaining momentum
RenCap bullish on Egypt, sees EM portfolio inflows gaining momentum: The benefits Egypt is reaping from its fiscal reform program…
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