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Is new Alzheimer’s drug a groundbreaking treatment, or the FDA’s biggest mistake?
When the first new Alzheimer’s drug in 20 years was approved by the FDA earlier this month, many expected the…
Smoking up in the office will now cost you your job
Public-sector employees can now be automatically dismissed if they test positive for illegal substances after President Abdel Fattah El Sisi…
Sinai Cement widens losses + GSK’s Egypt arm announces coupon payments
EARNINGS WATCH- Sinai Cement saw its net losses widen to EGP 148 mn in 1Q2021, up from EGP 106 mn…
Palm Hills Development scores an impressive 1Q2021
Palm Hills Development’s bottomline soared 152% y-o-y to EGP 205 mn during 1Q2021, up from EGP 81 mn in 1Q2020,…
Banque Misr can now open a branch in KSA
Other things we’re keeping an eye on this morning: The Saudi Central Bank (SAMA) has officially listed Banque Misr among…
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…
Macro Group taps EFG Hermes, RenCap as advisors on planned IPO
Cosmetics pharma giant Macro Group Pharma has reportedly tapped EFG Hermes to quarterback its planned IPO alongside Renaissance Capital, according…
Also on our Radar on 20 April 2021
Egyptian security forces killed three Islamist terrorists involved in the execution of a 62-year-old Christian man, Nabil Habashy, last Saturday…
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