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US stocks suffer worst week since 2008 as global economic outlook darkens
US equities suffered their worst week since 2008 last week as the financial and economic consequences of the covid-19 outbreak…
EGX30 ends in the green for the first time in two weeks
The EGX30 closed Thursday in the green for the first time in weeks: The benchmark EGX30 closed in the green…
Farouk Saleh Nasser appointed as vice chairman of Alexandria Portland Cement board
MOVES- Farouk Saleh Nasser (bio) was appointed as vice chairman of the board at Alexandria Portland Cement, according to an…
Microsoft hires Mirna Aref as country manager for Egypt
MOVES- Microsoft has tapped Mirna Aref (LinkedIn) as its new country manager for Egypt, according to an emailed statement (pdf).…
Egyptian fitness startup ElCoach raises undisclosed USD six-figure seed funding
STARTUP WATCH- Egyptian Fitness startup ElCoach has raised USD six-figure seed funding from investors that include Endure Capital, 500 Startups…
EFG Hermes net profit up 36% in 2019
EARNINGS WATCH- EFG Hermes’ net profit surged 36% in 2019 to EGP 1.38 bn from EGP 1 bn a year…
Banque du Caire shelves IPO on market volatility -sources
IPO WATCH- Banque du Caire shelves IPO on market volatility -sources: State-owned Banque du Caire (BdC) has postponed plans to…
Investors dump stocks, bonds and rush into cash as uncertainty over fiscal response to covid-19 grows
GLOBAL MARKETS- This seems like an awfully long time ago… The emerald city is now getting further and further away.…
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