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House of Representatives approves Railway Act amendments
LEGISLATION WATCH- Parliament approves private sector participation in railway sector development: The House of Representatives approved yesterday amendments to the…
Egypt, Saudi agree to establish SAR 60 bn joint investment fund, deepen cooperation during Sisi and MbS’ first meeting
Cairo and Riyadh to establish SAR 60 bn joint investment fund, sign three other MoUs on Sisi and MbS’ first…
EMs can weather a more hawkish Fed
From the department of missing the point: “Investors nervous about whether the bull case for emerging-market assets can weather a…
Trump to impose 25% tariffs on steel imports, 10% on aluminum
US President Donald Trump will sign this week an order to impose 25% tariffs on steel imports from all countries…
Germans top the list of tourist arrivals for 2017 followed by Ukraine, and Saudi
Tourist arrivals from Germany, Ukraine, and Saudi Arabia have topped the list for 2017, according to CAPMAS statistics carried by…
President El Sisi launches new insurance scheme for laborers
President Abdel Fattah El Sisi launched on Thursday the much-talked about insurance policy for non-government workers. Prime Minister Sherif Ismail…
Earnings watch: SODIC, TMG Holding, Naeem Holding report 2017 results
EARNINGS WATCH- SODIC reported a 39% y-o-y jump in net profit to EGP 597 mn in 2017, the company said…
El Demery resigns from Tourism Promotion Authority
MOVES- Hisham El Demery has resigned as head of the Tourism Promotion Authority. El Demery will remain on the job…
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