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Earnings Watch: Arabian Cement Company reports 2017 results
EARNINGS WATCH- Arabian Cement Company’s net profit after tax dipped to EGP 215.61 mn in 2017 from EGP 245.02 mn…
Speed Round
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Uber, Careem begin drafting a list of grievances with the Ride-Hailing Apps Act
LEGISLATION WATCH- Uber and Careem are drafting a list of their grievances with the Ride-Hailing Apps Act in the hope…
Our broken wheat policy may cost us an extra EGP 1.4 bn this year
Our broken wheat policy may cost us an extra EGP 1.4 bn this year: Egypt’s General Authority for Supply Commodities…
Government to issue first EUR-denominated eurobonds on Luxembourg stock exchange in three weeks’ time
The Finance Ministry is planning to issue EUR 1-1.5 bn in eurobonds on the Luxembourg stock exchange in three-weeks’ time,…
UK MPs are calling on gov’t to end its ban on flights into Sharm
UK MPs are calling on the May gov’t to end its ban on flights into Sharm (again): UK MPs have…
PHD denies making offer on Qatari Diar assets
Palm Hills Development (PHD) denies claims by Al Shorouk this week that the developer offered to acquire Qatari Diar’s Egyptian…
Saudi’s Elaj extends acquisition spree with stake in under-construction paediatric hospital
M&A WATCH- Elaj Group continues healthcare acquisition spree: Saudi Arabia’s Elaj Group has acquired a majority stake in Cairo Clinic…
Kayan could begin assembling SEAT in Egypt by 2020
Kayan Egypt could begin assembling SEAT cars locally by 2020, CEO Karim El Naggar tells Al Mal. The company has…
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