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Earnings watch: Union National Bank and Misr Cement report FY2016 results
**Earnings watch: Union National Bank reported a 12.8% y-o-y rise in net profit to in FY2016 to EGP 180.5 mn…
SPEED ROUND
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SPEED ROUND
CI Ratings gives Banque Du Caire ‘BB-’ rating with a ‘Stable’ outlook
CI Ratings set the Banque Du Caire’s Financial Strength Rating at ‘BB-’ with a ‘Stable’ outlook “on the grounds of its comfortable…
62% expected occupancy rate in Cairo in 1Q2017, 32% in Sharm El Sheikh -Colliers International
The latest Colliers International MENA Hotels Forecast report expects a 62% occupancy rate in Cairo in 1Q2017. The average cost…
Al Nouran sugar facility begins operations in May
Al Nouran Sugar is due to start operations at its new plant in Sharkia by May, VP for sugar production…
What is going on with the Transportation Ministry's projects?
What is going on with the Transportation Ministry's projects? In a peculiar piece of news, the Transportation Ministry has denied…
Tarek Amer and Investor Associations reach partial settlement deal for pre-float LCs
A settlement agreement for pre-float LCs of less than USD 5 mn? Not quite yet. Companies with pre-float letters of…
House Energy Committee asks government to postpone electricity price hikes to next year
In the fight to cut subsidies, the House is proving to be a bigger nuisance than expected: Emboldened by a…
Egyptians substituting imports with local products
Egyptians are “ditching imports” and substituting local products, Asma Alsharif and Mohamed Zaki write for Reuters. They mention the story…
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