SPEED ROUND Archives

Unemployment rate down to 11.98%

The unemployment rate dropped to 11.98% in 2Q2017 from 12.5% a year earlier, according to a CAPMAS report. The number…

Tourism receipts almost tripled and remittances rose in the last three months of FY2016-17, “marking another step in [Egypt’s] economic…

CORRECTION- A senior official at the Investment and International Cooperation Ministry contacted us yesterday to confirm that Prince Alwaleed bin…

Some good news on the economy out of Japan for a change: The Asian giant has posted its longest unbroken…

IPO WATCH- Angry birds is set for potential USD 2 bn IPO — will it fly? Rovio Entertainment, makers of…

IPO WATCH- Emaar is planning to offload 30% of its UAE real estate business in an IPO, according to the…

M&A WATCH- WPP subsidiary Grey Group has acquired a majority stake in regional digital marketing agency Hug Digital. Hug is…

EARNINGS WATCH- Talaat Mostafa Group’s 1H2017 consolidated net profit after tax stood at EGP 696.5 mn, up from EGP 432.1…

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