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Hany Farahat appointed as general manager at Egypt’s Banque Misr
MOVES- Hany Farahat (LinkedIn) has left his position as CI Capital’s chief economist and has been appointed as general manager…
Orascom Construction profits drop 38% y-o-y in 2Q2019
EARNINGS WATCH- Orascom Construction profits drop 38% y-o-y in 2Q2019 to USD 31.3 mn, compared to USD 50.6 mn a…
Gov’t issues insurance premium exemption guidelines for Universal Healthcare Act
REGULATION WATCH- Gov’t issues exemption guidelines for those who are unable to pay for universal healthcare: The government has issued…
Egyptian grocery delivery startup Trolley raises USD 200k in seed funding
STARTUP WATCH- Cairo-based startup Trolley has raised USD 200k in seed funding from a Kuwaiti investor, Menabytes reports. Founder and…
Damietta liquefaction plant to reopen in 3Q2019?
Deja vu: Damietta LNG plant to reopen in 3Q2019? The Damietta liquefaction plant will reopen by the end of 3Q2019…
Deloitte: Egypt tops Africa in number and value of construction projects in 2018
Egypt topped Africa in the number and value of construction projects within a single country in 2018,according to Deloitte’s Africa…
Egypt revisits possibility of issuing EGP-denominated bonds on the back of currency appreciation
EXCLUSIVE- EGP-denominated int’l bond issuance could be back on the table: The Finance Ministry is revisiting previously shelved plans to…
Ahmed El Bassiouny named Central Bank of Egypt’s sub-governor for economic research
MOVES- Ahmed El Bassiouny named CBE sub-governor for economic research: Ahmed El Bassiouny (LinkedIn) has been appointed as sub-governor of…
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