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Earnings Watch: Edita, MNHD, PHD, Emaar Misr report FY2017 results
EARNINGS WATCH- Edita Food Industries reported a 346.8% y-o-y surge in its bottom line to EGP 212.0 mn in 2017,…
Speed Round
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Russia playing blame game on delay in resumption of direct flights
Russia plays the blame game on delay in resumption of direct flights: The resumption of civilian air traffic to Egypt…
Egypt sees 90% surge in Ukrainian tourist arrivals as tourism sector recovers
Nearly 750k Ukrainian tourists visited Egypt in 2017, a 90% y-o-y jump, Tourism Promotion Authority (TPA) head Hisham El Demery…
Housing Ministry rolls out ambitious EGP 32 bn Sinai development strategy
Housing Ministry rolls out ambitious EGP 32 bn Sinai development strategy: The Housing Ministry has completed mapping out a EGP…
Council of State receives Healthcare Act exec regs to review before Cabinet
LEGISLATION WATCH- Council of State reviewing Healthcare Act regs before they’re sent to Cabinet: The Health Ministry has sent the…
Israel denies it is making concessions on the int’l arbitration award against Egypt
Israel denies it is making concessions on the int’l gas arbitration award against Egypt—have the two sides agreed just to…
Nahw Development completes MTO of CDICO
M&A WATCH- Nahw Development (completely new to us, folks) has completed a mandatory tender to acquire the remaining 49% stake…
SEII to invest USD 50 mn in acquisitions over the next two years
M&A WATCH- The Saudi-Egyptian Industrial Investment Company (SEII) is earmarking USD 50 mn to fund acquisitions over the next two…
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