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Fund buys 12.4% of GB Auto’s shares
Much ado about nothing: The local and international press alike are making a bit too much out of a disclosure…
SODIC signs EGP 1.3 bn medium term facility with AAIB
Real estate developer SODIC signed yesterday an EGP 1.3 bn medium-term facility with Arab African International Bank (AAIB), according to…
Supply Ministry subsidy card purge is still on, 10% of beneficiaries to be removed in April and May
Kramers will not live to mooch another year after all: The Supply Ministry is not shelving plans to remove subsidy…
Egyptian economy to soon “take off” -Werr
The Egyptian economy looks like it will soon take off, veteran finance writer Patrick Werr writes in The National. He’s…
Foreigners bought USD 1 bn worth of Egyptian debt since mid-March
Foreign holdings of Egyptian debt has grown by more than USD 1 bn since mid-March, Ahmed Feteha writes for Bloomberg.…
Earnings watch: Domty
EARNINGS WATCH- Cheese manufacturer Domty’s net profit plunged 80% y-o-y to EGP 25.6 mn in 2016 as the company posted…
Egypt investment watch: MM Group, McDonald’s Egypt parent company to invest combined EGP 1.65 bn
INVESTMENT WATCH- MM Group, whose IPO is due to wrap next week as the company’s shares begin trading on the…
McKinsey & Co. to advise on EGPC restructuring
We love the smell of fees in the morning: McKinsey & Company has been tapped to advise the government on…
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