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Industry natgas prices could be reviewed quarterly instead of twice a year
Industry lobbying to have natgas prices reviewed quarterly rather than twice a year. The government is considering increasing the frequency…
Unemployment rate falls back to pre-pandemic levels in 3Q2020
Egypt’s unemployment rate returned to pre-pandemic levels in 3Q2020, falling to 7.3% after the government eased lockdown restrictions in late…
Raft of new investments bodes well for short-term recovery
INVESTMENT WATCH- A run of news that suggests we’re turning a corner? In a stark contrast this summer’s news of…
Karim Nour has joined Kashat as co-founder
MOVES- Karim Nour has joined Kashat as co-founder. Kashat is the first nano-finance company in MENA to provide small productive…
Earnings watch: SODIC, Beltone Financial, Naeem Holding, TE, TMG Holding, HDB
EARNINGS WATCH- SODIC’s net profits rose 179% to EGP 468 mn y-o-y in 3Q2020, according to the company’s earnings release…
AT Lease pushes securitized bond issuance to 2021
DEBT WATCH- AT Lease pushes securitized bond issuance to 2021: AT Lease is looking at a securitized bond issuance in…
Egypt’s sugar import ban begins hurting EU exports
Egypt’s sugar import ban is hurting EU sugar exports: The European Union’s sale of sugar to Egypt are at a…
Cairo 3A to invest EGP 7 bn in Bahariya poultry farm till 2023
INVESTMENT WATCH - Agriculture trader Cairo 3A plans to invest EGP 7 bn in its poultry farm project off of…
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