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Waleed Awad named head of Damietta Port
MOVES- Transport Minister Kamel El Wazir named Waleed Awad as head of the Damietta Port Authority, succeeding Tarek Shahin who…
Earnings watch: Raya Holding, Domty, Suez Cement, Tourah Cement
EARNINGS WATCH: Domty 2Q2019 net profits fall 35% y-o-y: Arabian Food Industries (Domty) reported 2Q2019 net income of EGP 37.5…
Egypt’s Zohr natgas output triples in 1H2019
Zohr natgas output triples in 1H2019: The Zohr natural gas field produced some 11.3 bn cubic meters (bcm) in 1H2019…
US recession indicator flashes red as weak economic data triggers global stock sell-off
US recession indicator flashes red as weak economic data triggers global stock sell-off: Financial markets recoiled yesterday as poor German…
El Sisi ratifies Mineral Resources Act, Economic Court Act amendments
LEGISLATION WATCH- El Sisi ratifies key legislation: President Abdel Fattah El Sisi has ratified the Mineral Resources Act, which introduces…
Madbouly Cabinet approves amendments to MCDR Act
CABINET WATCH- Madbouly Cabinet approves amendments to MCDR Act: The Madbouly Cabinet approved on Thursday amendments to the Misr for…
Egypt’s FRA gives financial advisors six more months to comply with 2018 regulations
REGULATION WATCH- Egypt’s FRA gives financial advisors six more months to comply with 2018 regs: The Financial Regulatory Authority (FRA)…
Earnings watch: Sodic, EFG Hermes, MNHD, Telecom Egypt
EARNINGS WATCH- Sodic net income grows 9% y-o-y in 2Q019, revenues double: Sodic recorded a 9% y-o-y increase in net…
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