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Earnings watch: Orascom Development Egypt, Amer Group report 2019 results
EARNINGS WATCH- Orascom Development Egypt’s (ODE) profits rose 41.1% y-o-y to EGP 705.6 mn in 2019, according to the company's…
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Egypt’s consumer finance players now need to ensure compliance with FRA
REGULATION WATCH- Consumer finance players face new oversight requirements under FRA: The boards of consumer finance companies must now set…
Russian companies to invest USD 1.5 bn in Egypt this year
INVESTMENT WATCH- Russian companies plan to invest USD 1.5 bn in Egypt this year: Unnamed Russian companies are planning to…
Alexandria Medical Services is unaffected by NMC investigation, says CEO
Alexandria Medical Services unaffected by NMC fiasco -CEO: Alexandria for Medical Services CEO Alaa Abdel Meguid is trying to distance…
Cairo 3A gets greenlight to purchase Egyptian Starch & Glucose from shareholders
M&A WATCH- Cairo 3A gets seller approval on Egyptian Starch & Glucose (ESGC) acquisition: Egyptian International Tourism Projects Company (Americana…
IFC commits USD 20 mn to Egypt, North Africa-focused PE fund SPE AIF I
IFC commits USD 20 mn to North Africa-focused PE fund: The International Finance Corporation (IFC) is committing USD 20 mn…
Banque du Caire postpones IPO on market turmoil -chairman
IPO WATCH- Banque du Caire postpones IPO on market turmoil, chairman confirms: State-owned Banque du Caire (BdC) has shelved plans…
House looks to resurrect tithe on bank profits to support industry fund; separate levy would create emergency bailout fund
LEGISLATION WATCH- Remember that proposed tithe on bank profits to endow an industry development fund? Legislators want to resurrect it.…
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