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Earnings watch: EKH reports FY2017 results
EARNINGS WATCH- Our friends at Egypt Kuwait Holding (EKH) reported double-digit revenue growth in FY2017. The company posted net income…
QNB to sell small stake in Egyptian unit to comply with EGX regs
Qatar National Bank is looking to reduce its stake in its Egyptian unit QNB-Al Ahli to 95% from 97.125% currently,…
EGAS looks to make nice with manufacturers with new incentive package including lower fines, easier payment terms for natural gas
EGAS reduces fines, offers more flexible payment terms on natural gas supply contracts as incentives to manufacturers: EGAS wants to…
Did an Egyptian court really order EGPC and EGAS to pay EMG USD 1.03 bn in damages?
Did an Egyptian court really order EGPC and EGAS to pay EMG founder USD 1.03 bn in damages? Israeli newspaper…
Eni looks to swap 10% of Zohr for stakes in other projects
Eni looks to swap 10% of Zohr for stakes in other projects: Eni is looking into possibly selling another 10%…
Sisi administration continues push for private-sector welfare and insurance scheme
Sisi administration continues push for private-sector worker welfare and insurance scheme: President Abdel Fattah El Sisi ordered that legislation be…
Thursday’s cut the start of a “long journey”
“I was actually expecting a bigger cut than 100 bps,” Lighthouse Research Founder and Chief Economist Jean-Paul Pigat told Bloomberg…
Economists expect a lull in monetary easing over the summer as subsidy cuts kick in, look to 300-400 bps in total rate cuts this year
Economists expect a lull in monetary easing over the summer as subsidy cuts kick in, look to 300-400 bps in…
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