SPEED ROUND Archives

Investment Act executive regulations 90% complete -sources

The executive regulations for the new Investment Act are 90% complete and are expected within a month of the bill…

Standard & Poor’s affirmed Egypt’s long-term and short-term sovereign credit ratings at B- and B, respectively, with a stable outlook,…

EARNINGS WATCH- Edita reported a 23.5% y-o-y increase in net profit to EGP 40.4 mn in 1Q2017, with revenues increasing…

Tarek El Molla on gold exploration, de-regulation of the natural gas industry and the coming swing in priorities toward oil:…

EFG renewable platform closes UK solar acquisition: EFG Hermes’ renewable energy platform Vortex announced completing its acquisition of 100% of…

Is CIB eyeing expansion into Africa? CIB’s board of directors discussed and approved a plan in principle to expand internationally…

Fuel price hikes coming before September? The rumor mill has kicked into overdrive. The government is planning to hike fuel…

We’ve started weaning ourselves off imported natural gas, Reuters says: Egypt is holding talks with its LNG suppliers to defer…

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