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Pharos Holding appoints Ahmed El Ashi as managing director of fixed income
MOVES- Our friends at Pharos Holding have appointed Ahmed Yehia El Ashi as the new managing director for fixed income…
Speed Round
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Government to announce winners of PPP schools tender next week
Government to announce winners of PPP schools tender next week: The Ismail government plans to announce next week the winners…
Electricity Ministry postpones subsidy elimination to FY2020-2021, bills still going up in July
Electricity Ministry postpones subsidy elimination to FY2020-2021, but bill will still go up in July: The Electricity Ministry is planning…
Oil Ministry gets even nicer with industry with a new debt-relief initiative
Oil Ministry gets even nicer with industry with a new debt-rescheduling initiative: The Oil Ministry has approved a new initiative…
Earnings watch: Orange Egypt records net losses for two consecutive years
EARNINGS WATCH- Orange Egypt reported a consolidated net loss of EGP 1.65 bn in FY2017, down 35.5% y-o-y from EGP…
Egypt becomes world’s largest importer of Russian food products
Egypt has become the world’s largest importer of Russian food products, outpacing China, Russia’s Export Center said, RT reports. According…
Qalaa’s ERC completes financial restructuring as it drives to completion
Qalaa’s Egyptian Refining Company completes financial restructuring as it drives to completion: Qalaa Holdings subsidiary Egyptian Refining Company (ERC) has…
Unionaire Group reportedly pushes back its IPO to 2H2018
IPO WATCH- Unionaire Group has also reportedly pushed back its initial public offering plan to 2H2018 after having originally said…
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