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THIS EVENING: Real estate developers face tougher regulations + Europe could turn to coal instead of Russian gas
Happy Monday, friends. It’s shaping up to be another busy news day here at home as the House of Representatives…
SODIC seals EGP 600 mn financing agreement with Ahli United Bank
SODIC subsidiary to borrow EGP 600 mn from Ahli United Bank: Ahli United Bank has agreed to provide SODIC subsidiary…
New EU funding for food security headed to silos + agri-SMEs
EU funding to bolster wheat storage capacity, small farmers: The EUR 100 mn in food security funding announced by the…
Insurance startup Amanleek wins Orange fintech competition
The formidable 13-year-old Egyptian-Hungarian violinist Mariam Abouzahra won the Golden Note — a televised classical music competition run by the…
Palm Hills’ net income rises 44% in 1Q 2022
Palm Hills Developments’ (PHD) bottom line surged 44% y-o-y in 1Q 2022, driven by a strong increase in sales, the…
Earnings Watch: E-Finance, Palm Hills
E-Finance’s net income soared 41% y-o-y in 1Q2022 to EGP 200.3 mn, according to the company’s earnings release (pdf). Revenues…
Building violations were back on the airwaves last night
Illegal construction was back in the conversation on the airwaves last night after the House of Representatives discussed amending the…
Earnings watch: Orascom Construction, MNHD, GB Auto
Orascom Construction’s (OC) net income slid 45% in 1Q 2022 due to deepening losses at Besix, according to its earnings…
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