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EgyptAir named World’s Most Improved Airline, jumping 64 ranks in three years
Plus: FRA freezes Speed Medical’s EGP 600 mn capital hike, halts shareholder vote.
Earnings watch: Speed Medical + Obour Land
EARNINGS WATCH- Speed Medical in the red in 2022: Speed Medical recorded net losses of EGP 148.21 mn in 2022,…
Compass Capital cleared to do due diligence on Pachin. Plus: Speed Medical, ICMI make M&A headlines
Yesterday in M&A: Compass Capital got the green light to do due diligence on Egypt’s most sought-after paints company, Speed…
Speed Medical’s bottom line falls to the red
EARNINGS WATCH- Speed Medical was in the red in 1Q2022, recording net losses of EGP 38.8 mn — a 233%…
Speed Medical’s FRA lawsuits suspended as it mounts appeal
Speed Medical (SPMD) appeals FRA lawsuits, to be reviewed on 11 June: Speed Medical said (pdf) yesterday that a Cairo…
Suez canal revenues jump + regulating the cosmetics industry
Suez Canal revenues jump in February after toll hikes: Revenues were up 15.1% y-o-y to post USD 545.5 mn last…
Speed Medical’s net income rose 71.4% y-o-y in 2021 + Egytrans to undergo company restructuring
EARNINGS WATCH- Speed Medical’s net income rose 71.4% y-o-y in 2021, to record EGP 136.10 mn, according to the company's…
Another USD 2.6 bn in ITFC financing on the horizon?
Egypt to get USD 2.6 bn in financing from ITFC? The International Islamic Trade Finance Corporation (ITFC) has approved USD…
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