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TMG posts 21% jump in net income in 2Q
Plus: Orascom Development Egypt, E-finance, and El Sewedy Electric earnings
Real estate leaders argue that Egypt’s market friction is a natural cycle rather than a structural crisis
“What is happening in the market is a filtration, a correction,” Orascom Development’s Hazem Helal said
Orascom Development, Rameda, EgyptAlum, Ibn Sina Pharma, Qalaa Holdings, and Eipico join the EGX30 after index review
Ezz Steel, B Investments, Faisal Islamic Bank of Egypt, Cleopatra Hospitals, Elsewedy Electric, Heliopolis Housing were removed from the blue-chip…
Hazem Helal named new CEO of Orascom Development’s O West, Makadi Heights, and Byoum. PLUS: Fine Hygienic Holding taps new Egypt head
Helal steps into the role after serving as vice chairman of El Ahly Sports Facilities Company
The Sawiris family is looking to delist ODH from the Swiss Exchange
The Sawiris family currently owns 77.5% of ODH through its holding company
NRA to launch tender for the management of Bashteel’s garage. PLUS: News from Orascom Development, EBRD, B.TECH
The investor will be responsible for maintenance, cleaning, security, and utilities throughout the 10-15 year lease
Fertilizer companies restart operations as gas supplies return. PLUS: Futek, Wellpal, Azimut, EdVentures, Orascom Development Egypt
The restarting of operations follows the resumption of production at Sidpec’s factory last week
World Bank appoints new country head for Egypt,Yemen + Djibouti
Stephane Guimbert has worked at the World Bank for 22 years and arrives in Cairo after serving as its operations…