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IDG-led consortium to sign MoU to develop Beni Suef dry port. PLUS: Jumia + Aman, Valu + EBI, Rakta + Al Ahly Pharos, Kima + Tecnimont
The port project could require some USD 500 mn according to a local news outlet
Earnings watch: QNB Alahli
EARNINGS WATCH- QNB Alahli’s net income rose 82% y-o-y to EGP 8.67 bn in 1H 2023, according to the bank’sfinancials(pdf).…
The country’s 50 top listed companies, according to Forbes
The top two firms made Forbes’ MENA-wide list.
Magued Sherif steps down from SODIC after eight years
Former SODIC COO Ayman Amer is replacing Sherif
Three in, three out as EGX30 rebalances
The EGX30’s semiannual rebalancing is done, the EGX said in a statement out yesterday. In: Abu Dhabi Islamic Bank Egypt,…
It’s sayonara to high-yield CDs at the end of the month
Banque Misr and the National Bank of Egypt are pulling their one-year, 25% certificates of deposit after the end of…
QNB Alahli net income rises 35.7% in FY2022
EARNINGS WATCH- QNB Alahli’s bottom line rose 35.7% to EGP 10.4 bn in FY2022, the bank said in its financialstatements…
THIS MORNING: Where will the EGP go next? Here are 6 questions you need to be asking today.
Good morning folks, and happy THURSDAY. It’s been a rollercoaster of a week — and it’s not over yet: We’ll…
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