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Logistics (MENA) 
IDH, TMG, Eastern Company report 1Q earnings
TMG saw a sixfold increase in its net income
What can local contractors do to expedite their expansion abroad?
Contractors should start implementing FIDIC guidelines to be able to tap foreign markets
PHD, CI Capital, Raya Holding, GB Corp report 1Q earnings
Palm Hills’ sales jumped 377% y-o-y to a record of EGP 32.3 bn
Madinet Masr nearly tripled its income in 1Q
The developer saw its gross contracted sales grow more than 8x in the quarter
Agthia wants to boost its exports out of Egypt. PLUS: News from TE, Vodafone, Huawei
Agthia’s exports from Egypt hit AED 24 mn in the first quarter of the year
Beltone VC arm leads funding round for local proptech startup
The funds will support the expansion of Birdnest’s regional team
Construction sector calls for updated contract standards to keep up with changing industry
Local contractors are reluctant to submit bids for projects funded by international lenders because they adhere to different regulatory frameworks
Fresh investments into Masria Digital Payments. PLUS: News from Al Ahly Sabbour and Edita
MDP is in talks with five local and international investment funds over a USD 80-100 mn investment
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