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Prime Holding launches subsidiary Prime Fintech, reduces stake in AT Lease
Prime Holding has launched a fintech subsidiary, Prime Fintech, according to a press release (pdf). The new company comes as…
Act Financial group doubles stake in Sodic to 11.4%
M&A WATCH- Act Financial-led group adds to minority stake in Sodic: A group led by ActFinancial that includes Hassan Allam…
The EGX is allowing investors to short smaller companies
The EGX is allowing investors to short smaller companies: The EGX yesterday approved plans to allow investors to short smaller…
IMF releases staff report on pandemic aid to Egypt
The IMF report card that supported Egypt’s pandemic aid package is now out: The International Monetary Finance (IMF) released on…
Enterprise Poll: Central Bank of Egypt to leave rates on hold in August 2020
ENTERPRISE POLL- CBE likely to leave rates on hold when it meets this Thursday: The Central Bank of Egypt (CBE)…
Egypt’s inflation decelerated in July to 4.2%, below expectations
Annual headline inflation decelerated to 4.2% in July, down from an uptick to 5.6% in June, according to central bank…
Earnings watch: Emaar Misr turns a profit in 2Q2020
EARNINGS WATCH- Emaar Misr recorded a net profit of EGP 366 mn 2Q2020, up from a net loss of EGP…
Egypt’s Glamera raises six-figure investment from Saudi’s Dual Gate Investment
STARTUP WATCH- Cairo-based beauty services startup Glamera has raised a six-figure USD investment from Saudi’s Dual Gate Investment Holding, according…
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