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THIS MORNING: Orascom Financial to decide on Chimera’s Beltone bid today + Metro and train fares are going up
Good morning, wonderful people, and welcome to a reasonably quiet (but not dull) Monday morning. It feels a little bit…
THIS EVENING: Beltone has two weeks to decide on Chimera’s acquisition bid + Putin says Gazprom is keeping the taps on.
Good afternoon, wonderful people, and a very happy almost-THURSDAY to us all. It’s a relatively calm day on the news…
Bidding war over Beltone afoot?
UAE’s Chimera puts in an offer for Beltone: Our friends at Abu-Dhabi based investment firm Chimera Investments have submitted a…
Beltone gives its suitors the nod to conduct due diligence ahead of potential acquisition
Beltone Financial has given the go-ahead to a consortium of investors to conduct due diligence after it submitted an offer…
Beltone’s net losses widen in 2021
EARNINGS WATCH- Beltone Financial’s net losses widened to EGP 169.76 mn in 2021, from EGP 132.4 mn the previous year,…
CBE leaves rates unchanged in first meeting of 2022
The Central Bank of Egypt (CBE) left interest rates on hold for the tenth consecutive meeting on Thursday. The CBE…
Meet our analyst of the week: Beltone’s Aly Adel
OUR ANALYST OF THE WEEK- Aly Adel, vice president of research at Beltone Financial (LinkedIn). My name is Aly Adel…
Earnings watch: Contact Financial, Beltone, MNHD, NileSat
Contact Financial’s net income rose 65% to EGP 114 mn in 3Q2021 from the same period in 2020, according to…
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