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ODE reports net profit of EGP 392 mn in FY2017
EARNINGS WATCH- Orascom Development Egypt reported a net profit of EGP 392 mn in FY2017, up from a loss of…
Speed Round
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Egypt is going to have electric cars soon
Egypt is going to have electric cars soon: The first batch of Tesla electric cars are expected to hit Egypt’s…
Cabinet approves establishment of Nuweiba freezone
CABINET WATCH- The Ismail Cabinet approved yesterday the establishment of a freezone in Nuweiba and will offer investment incentives there…
Cyber Crimes Act is not meant to monitor, block social media -House ICT Committee
LEGISLATION WATCH- The Cyber Crimes Act is not intended to allow the government to monitor or block social media platforms…
Price control coming to cargo transport?
LEGISLATION WATCH- Price control coming to cargo transport? In other news from the transportation sector, MPs are said to be…
Ride-Hailing Apps Act gets preliminary approval from House committees
LEGISLATION WATCH- The Ride-Hailing Apps Act has received preliminary approvals from a number of committees in the House of Representatives…
Egypt account deficit narrows 64% to USD 3.4 bn in 1H2017-18
Egypt’s current account deficit fell 64% y-o-y to USD 3.4 bn in 1H2017-18, improving from a deficit of USD 9.4…
Heliopolis Housing could list as much as 30% more shares on EGX, bring freefloat up to 57%
IPO WATCH- Heliopolis Housing & Development is considering the sale of another 30% of its shares under the government’s IPO…
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