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Pharos pulls out of consortium bidding for Shell’s Egypt assets
Pharos Energy bails on consortium eyeing Shell Egypt assets: Pharos Energy has withdrawn from a consortium in the running to…
Railway projects face delays as international lenders divert USD 1.8 bn in loans
Railway projects could be placed on ice as disbursal of USD 1.8 bn in international funds are delayed: Some USD…
Gov’t revises downward Egypt’s GDP growth for next fiscal year
The government has revised downward its target GDP growth for FY2020-2021 to 3.5% from 4.5%, said Planning Minister Hala El…
Egypt’s reforms could shield the economy from covid-19 shocks -Moody’s
Egypt’s reforms could shield the economy from covid-19 shocks -Moody’s: Egypt’s track record of economic reform commitment and strong FX…
Making It is coming back for its second season on Thursday
The second season of Making It drops this Thursday: We’re happy to announce that this Thursday we’re kicking off the…
Earnings Watch: CIRA, Obour Land
EARNINGS WATCH- CIRA posts strong profit, revenue growth in 1H2019-2020: Private sector education outfit CIRA has posted net profits of…
El Sisi ratifies amendments to Egypt’s armed forces pensions law
LEGISLATION WATCH- President Abel Fattah El Sisi has ratified amendments to the Retirement, Insurance and Pensions Act for the armed…
Egypt’s remittances rise 33% y-o-y in January and February
Remittances from Egyptians abroad for January and February rose by a third y-o-y to USD 5.2 bn, up from USD…
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