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National Bank of Egypt, Banque Misr sell EGP 82 bn of high-yield certificates
State banks sell EGP 82 bn of high-interest savings certificates: National Bank of Egypt has sold EGP 56 bn of…
FRA says Cairo 3A will have to pay nearly 1% more than expected to acquire Egyptian Starch & Glucose
M&A WATCH- Cairo 3A will have to pay nearly 1% more than expected to acquire Egyptian Starch & Glucose after…
GEMS to invest USD 300 mn to open 30 new schools across its footprint
INVESTMENT WATCH- GEMS to invest USD 300 mn to open 30 new schools across its footprint: Private sector education outfit…
Infinity Power to invest USD 750 mn in clean energy in Egypt, Africa
INVESTMENT WATCH- Infinity Energy and the UAE’s Masdar are planning to invest USD 750 mn in clean and renewable energy…
Egypt non-oil import bill slashed by a quarter in 1Q2020
Egypt’s non-oil import bill slashed by a quarter in 1Q2020: Egypt’s non-oil imports fell noticeably to USD 13.81 bn in…
Egypt’s financing gap forecast at nearly EGP 1 tn- FY 2020-21 budget
FinMin sees Egypt’s financing gap at nearly EGP 1 tn next fiscal year: The Finance Ministry needs EGP 988 bn…
MCDR appoints CEO Mohamed Abdel Salam non-executive chairman
MOVES- Longtime Misr for Central Clearing, Depository and Registry (MCDR) boss Mohamed Abdel Salam has become non-executive chairman of the…
Earnings watch: Apicorp profits rise 17% in 2019
EARNINGS WATCH- Apicorp net profits rise 17% in 2019: Multilateral development bank Arab Petroleum Investments Corporation’s (Apicorp) annual profits rose…
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