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Egypt still expected to outperform EMs, regional oil importers on GDP, but debt pressure is “acute,” IMF says
Egypt still expected to outperform EMs, regional oil importers on GDP, but debt pressure is “acute,” IMF says: GDP growth…
Swvl co-founder and COO Mahmoud Nouh resigns
MOVES- Swvl co-founder and COO Mahmoud Nouh (LinkedIn) has resigned to “pursue new personal goals,” the company told Menabytes last…
Earnings watch: Juhayna reports 3Q2019 results
EARNINGS WATCH- Juhayna Food Industries’ 3Q2019 profit fell 8% y-o-y to EGP 111 mn, the dairy producer said in its…
Spain’s Glovo eyes 50% share of Egypt’s online delivery market
Glovo wants half of Egypt’s delivery market: Delivery app Glovo plans to more than double its share of Egypt’s online…
Jordanian authorities sign off on Uber-Careem merger
Jordanian authorities sign off on Uber-Careem merger: Jordan’s Industry, Trade, and Supply Minister Tariq Hammouri last week approved Uber’s planned…
Nestlé to invest EGP 600 mn to set up new mineral water factory in Egypt
INVESTMENT WATCH- Nestlé will invest EGP 600 mn in three years to set up a new bottled water factory, and…
Samih Sawiris and seven others to set up EGP 1 bn NBFS firm in Egypt
Samih Sawiris, seven investors plan EGP 1 bn NBFS firm: Samih Sawiris is setting up a EGP 1 bn non-banking…
Is NBG Egypt’s unresolved pay disputes with its staff threatening its acquisition by Bank Audi?
M&A WATCH- Are NBG’s unresolved pay disputes with its staff threatening its acquisition by Bank Audi? The National Bank of…
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