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Earnings watch: Palm Hills Development
EARNINGS WATCH- Palm Hills Development reported an 8% y-o-y rise in net profit after tax and minority interest to EGP…
SPEED ROUND
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ERC appoints Ahmed Saad El Din Abdo Abu Hendia as non-executive Chairman
MOVES- The Egyptian Resorts Company (ERC) has appointed Ahmed Saad El Din Abu Hendia as non-executive Chairman, ERC said in…
EMRA officials admit terms have alienated investors, but they don’t care
Mining authority hears complaints, says “Toz.” Officials from the Egyptian Mineral Resources Authority (EMRA) have admitted that the terms of…
House, CPA team up to make the latter more powerful
Capitalists beware. Parliament and the Consumer Protection Agency (CPA) are getting awfully close: A number of MPs have come out…
OHD selects EFG Hermes to advise on sale of Tamweel Financial Holdings
Orascom Hotels & Development (OHD) has selected EFG Hermes to act financial adviser on the sale of its financial services…
Supreme Tourism Council approves launch of electronic visas
e-Visas are back on the table: The Supreme Tourism Council, led by President Abdel Fattah El Sisi, agreed during its…
CBE launches initiative to finance hotel renovations
Elsewhere, the CBE has launched an initiative to provide affordable financing for the tourism industry, urging banks to make funds…
Banking sector net profits grows 60% Y-o-Y
Egypt’s banks have grown their combined net profits 60% year-on-year to EGP 56 bn in 2016, said CBE Deputy Governor…
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