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Infrastructure 
HDB and NUCA establish EGP 1.3 bn real estate development company
Urban planning authority now competes in sector it is supposed to regulate: The New Urban Communities Authority (NUCA) and the…
Speed Round
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Is it really the right time to open a USD 1.1 bn cement plant?
New cement plant to open with market already in state of oversupply. The Armed Forces-owned El-Areesh Company for Cement, will…
Lagarde praises Egypt’s commitment to economic reforms
IMF Managing Director Christine Lagarde praised the Egyptian government’s commitment to the economic reform program in an interview with Al…
EGX had reportedly been investigating El Nozha Int’l stocks prior to complaint
EGX had reportedly been investigating trade in El Nozha shares prior to complaint: The EGX is currently investigating transactions on…
CI Capital eyes UAE expansion through brokerage firm acquisition
M&A WATCH- CI Capital is looking to acquire a brokerage firm in the UAE as part of its regional expansion…
Polish company to build EGP 1.5 bn infant formula plant
INVESTMENT WATCH- Polish group to build EGP 1.5 bn baby formula plant: Poland’s Polva Group plans to build what it’s…
M2 money supply up 20.9% y-o-y in December 2017
Egypt’s M2 Money Supply climbed 20.9% y-o-y at the end of December to stand at EGP 3.2 tn (USD 181.33…
Finance Minister to sign off on agreement exempting LCs from stamp tax
Finance Minister Amr El Garhy is reportedly days aways from signing off on an agreement that would exempt banks from…
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