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MIH signs MoU with China’s Dongfeng to locally assemble electric cars
China’s Dongfeng wants to locally assemble electric cars: The Public Enterprises MInistry’s Metallurgical Industries Holding Company (MIH) has signed an…
EBRD to provide CIB with USD 100 mn to support SMEs impacted by covid-19
DEBT WATCH- EBRD to provide CIB with USD 100 mn to support SMEs impacted by covid-19: The European Bank for…
Cleopatra denies Alameda merger happening this week
M&A WATCH- Cleopatra denies Alameda merger happening this week: The EGX-listed Cleopatra Hospital Group last week dismissed reportsthat its planned…
Nearly half of Egypt’s households expect income to fall over the next three months, says Capmas
Nearly half of Egypt’s households expect income to fall over the next three months, says Capmas: 48.2% of all households…
FinMin sees Egypt’s economy growing 5% next fiscal year, Maait says
Gov’t revises its FY2020-2021 growth target upward to 5%: The Finance Ministry sees Egypt’s GDP growing at a 5% clip…
Egypt’s budget passes House, health and education spending slightly changed
BUDGET WATCH- FY2020-2021 budget passes House with bigger earmarks for health and education spending: The House of Representatives approved in…
Enterprise Poll: Central Bank of Egypt to leave rates on hold at June 2020 meeting
ENTERPRISE POLL- CBE seen leaving rates on hold this Thursday for third consecutive meeting: The Central Bank of Egypt will…
Earnings watch: Fawry, Porto Group
EARNINGS WATCH- Fawry reports 82% growth in profits in 1Q2020: Profits at e-payment service provider Fawry surged by 82% in…
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