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The bidding war for the army’s Wataniya Petroleum is heating up
Saudi industrial oils giant Petromin is throwing its hat in the ring in what’s shaping up into a bidding war…
BalancED to set up EGP 500 mn int’l school in MNHD’s Taj City
BalancED is setting up a K-12 international school in Madinet Nasr Housing and Development’s (MNHD) Taj City in East Cairo…
IDH reports surge in 1Q2021, drive by covid tests + OIH sells down Beltone stake
The EGX30 fell 1.2% at today’s close on turnover of EGP 1.69 bn (23.1% above the 90-day average). Local investors…
IDH actively looking for M&A targets outside Egypt
Consumer healthcare giant Integrated Diagnostics Holdings (IDH) is actively screening for targets that would allow it to expand into new…
Sodic, Ibnsina report higher net incomes, OIH narrows net losses
EARNINGS WATCH- Sodic’s bottom line surged over three-fold in 1Q2021, reaching EGP 100 mn after tax and minority interest, from…
New show at the Pyramids
Orascom Investment Holding (OIH) subsidiary Orascom Pyramids will invest EGP 200 mn in the early stage of the Giza sound…
Misr Insurance makes a big education play
Misr Insurance Holding (MIH) is planning on forming an education platform with an initial investment capital of EGP 700-800 mn,…
Saudi’s RSGT has over USD 1.5 bn to invest in ports, and Egypt is on the short list
Could Egypt be in line for a slice of investments from a Saudi port operator? Red Sea Gateway Terminal (RSGT)…
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