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EGX sell-off slows following CBE’s surprise rate cut
EGX sell-off slows following CBE’s surprise rate cut: The benchmark EGX30 index dipped again yesterday, but at a slower pace…
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Sarie-Eldin departs Sodic board, former investment minister Osama Saleh joins
MOVES- Hani Sarie-Eldin has stepped down as chairman and non-executive member of Sodic’s board of directors, the company said in…
MNHD plans new EGP 2 bn securitized bond offering
DEBT WATCH- MNHD plans new EGP 2 bn securitized bond offering: Madinet Nasr for Housing and Development is considering issuing…
Pioneers Holding to move ahead with five-way MTO after lowering share price
M&A WATCH- Pioneers Holding to move ahead with its five-way MTO after lowering share swap price: Pioneers Holding has decided…
MNHD sells land plot in Taj City to Minka for EGP 1.15 bn
MNHD sells land plot in Taj City to Minka for EGP 1.15 bn: Madinet Nasr Housing and Development (MNHD) has…
Cabinet approves dual taxation agreement with Cyprus
CABINET WATCH- Cabinet approves dual taxation agreement with Cyprus: The Madbouly Cabinet approved yesterday a 2019 agreement to renew Egypt’s…
Palm Hills Egypt board approves purchase of 62 mn treasury stocks
Palm Hills Development’s (PHD) board of directors approved the purchase of 62.351 mn treasury stocks to hedge against the "unjustified"…
Earnings watch: Emaar Misr's profits halve in 2019
EARNINGS WATCH- Emaar Misr's profits halve in 2019: Emaar Misr profits fell by 49% to EGP 1.74 bn in 2019,…
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