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Hisham Wasfy named COO of Macro Pharma Egypt
MOVES- Hisham Wasfy (LinkedIn) has been tapped as chief operating officer of cosmeceuticals producer Macro Pharma, according to a company…
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Earnings watch: SODIC, Telecom Egypt, TMG, Amer Group
EARNINGS WATCH- SODIC’s 3Q2019 net profits came in at EGP 168 mn, with a profit margin of 12%, the company…
Is Egypt risking US sanctions again with potential warplane purchase from Russia?
Egypt risks US sanctions with potential purchase of Russian arms: The US could move to impose sanctions on Egypt over…
Egypt’s unemployment rate inches up to 7.8% in 3Q2019
Unemployment rises unexpectedly for first time in a year: Egypt’s unemployment rate rose for the first time in a year…
Populist measures in Egypt continue as gov’t announces lower food prices
Gov’t cuts prices of some core subsidized foodstuffs: The Supply Ministry will reduce the prices of subsidized food commodities starting…
Hong Kong’s Handa to invest USD 100 mn in Egypt jute textiles factory
INVESTMENT WATCH- Hong Kong-based textiles manufacturer Handa Enterprise in planning to invest USD 100 mn in an idle jute products…
CBE greenlights establishment of USD 600 mn export credit risk guarantee company
CBE greenlights establishment of USD 600 mn export credit risk guarantee company: The Central Bank of Egypt (CBE) has approved…
FRA is now studying Adeptio’s MTO offer to acquire Americana Egypt
M&A WATCH- FRA begins review of Adeptio MTO for Americana acquisition: The Financial Regulatory Authority (FRA) is reviewing the mandatory…
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