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UAE’s Al Nowais offers to set up USD 700 mn renewable energy plants in Egypt
Al Nowais Investments is bidding to build USD 700 mn-worth of renewable energy plants in Egypt, sources from the Electricity…
Egypt gov’t treasury yields recover for second consecutive week
Treasury yields recover for second consecutive week: Yields on government treasuries continued to recover after falling by 200 basis points…
FinMin finalizes universal healthcare tithe
LEGISLATION WATCH- Get ready for changes to the tithe that funds the Universal Healthcare Act. The Finance Ministry said yesterday…
Earnings watch: Ezz Steel reports 1H 2019 results
EARNINGS WATCH- Ezz Steel has reported a consolidated net loss of EGP 2.47 bn in 1H 2019, compared to a…
Moody’s upgrades Apicorp’s credit rating to Aa2, outlook revised to stable
Moody’s upgrades Apicorp’s credit rating to Aa2, outlook stable: Moody’s has upgraded the Arab Petroleum Investments Corporation’s (Apicorp) long-term issuer…
Azimut to set up Egypt-focused equity fund before end of 2019
Azimut to set up Egypt-focused equity fund: Italy-based asset manager Azimut Group has completed the procedures to establish a fund…
Rolling mills to appeal court decision upholding steel import tariffs
The steel tariff beef still isn’t over. Rolling mills are planning to appeal once again a decision to introduce import…
House committee to require home developers to carry insurance
LEGISLATION WATCH- Unified Building Code to impose new insurance requirements on developers: The House of Representatives’ Housing Committee has approved…
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