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Earnings watch: Juhayna
EARNINGS WATCH- Juhayna reported a 28% y-o-y drop in its net income in 1Q2017 to EGP 58 mn, according to…
SPEED ROUND
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Attijariwafa completes acquisition of Barclays Egypt
M&A WATCH- Morocco’s Attijariwafa Bank completed its acquisition of 100% of Barclays Bank Egypt yesterday for c. USD 495 mn,…
CI Capital’s new post-sale board of directors to convene on 11 May
CI Capital’s new board of directors will meet on Thursday, 11 May for the first time since CIB sold a…
Auto sales down 46.5% y-o-y in 1Q2017 -AMIC
Automotive sales fell 46.5% year-on-year in 1Q2017 to 26.5k vehicles, down from 49.6k during the same period in 2016, according…
Tahrir Institute briefs journos on AmCham Doorknock mission to US
Dispatch from DC: Enterprise attended a meeting at the Tahrir Institute for Middle East Policy in Washington, DC. The get-together…
Remittances up 13.8% in the five months since the float of the EGP compared to the same period a year prior
Investors aren’t the only ones who like the float of the EGP: The central bank announced yesterday that Egyptians living…
Egypt ticks many boxes -RenCap
There are three key takeaways from the Egypt Investor Conference in Cape Town last week, Renaissance Capital says. Corporates have…
IMF REO says inflation should abate as one-off factors subside, debt levels remain high
The IMF’s Regional Economic Outlook report came out yesterday and was broadly in line with expectations. The Fund says “a…
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