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Elsewedy Electric Profits inches down 2.6% y-o-y in 2Q2019
EARNINGS WATCH- Elsewedy Electric’s net profit dropped 2.6% y-o-y in 2Q2019 to EGP 957.8 mn, down from EGP 983.8 mn…
El Sisi meets Trump, Johnson and Macron at G7 summit
Warm words between El Sisi and Trump at G7 summit: US President Donald Trump said that Egypt has made “tremendous…
Parliament to review Data Protection Act in October
LEGISLATION WATCH- Parliament to review Data Protection Act in October: A draft of the Data Protection Act will be presented…
Health Ministry permanently suspends El Ezaby, Roshdy from pharmacy registry
DISPUTE WATCH- Health Ministry permanently suspends El Ezaby, Roshdy from pharmacy registry: A Health Ministry body has permanently removed pharmacists…
Egypt signs USD 500 mn agreement with India’s LuLu Hypermarket
INVESTMENT WATCH- Egypt signed a USD 500 mn agreement with India’s LuLu Hypermarket on Monday for four new retail outlets…
Egypt’s rate cut makes the market even more attractive to investors, says Credit Suisse
Egypt’s rate cut makes the market even more attractive to investors, says Credit Suisse: The CBE’s interest rate cut last…
Mohamed Abdel Fattah named Finance Minister’s assistant for budget
MOVES- Prime Minister Moustafa Madbouly has appointed the Finance Ministry’s head of the budget division, Mohamed Abdel Fattah, as assistant…
Earnings watch: Obour Land reports 1H2019 results
EARNINGS WATCH- Cheesemaker Obour Land recorded net income of EGP 127.3 mn in 1H2019, up 10.49% y-o-y from EGP 115.2…
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