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Egypt’s inflation rate in single digits for first time since March 2016, CBE still expected to hold rates
Inflation hits lowest levels in over three years, but mind the subsidy cuts in next month’s reading: Egypt’s annual headline…
Ride-hailing startup Wasel launches 15 new lines, Dubci launches in Egypt
STARTUP WATCH- Looks like the ride-hailing market is alive and kicking after all: Mass transit startup Wasel has launched 15…
Egypt’s banking sector to see 15% y-o-y earnings growth 2Q -EFG Hermes
Egypt’s banking sector to see 15% y-o-y earnings growth in 2Q -EFG Hermes: The Egyptian banking sector will see bottom…
Egypt’s parliament gives early nod to Economic Court Act amendments
LEGISLATION WATCH- House gives preliminary nod to Economic Court Act amendments: The House of Representatives’ general assembly gave its preliminary…
Orascom Investment withdraws offer to acquire Nile Sugar
M&A WATCH- Sawiris’ Orascom Investment backtracks from Nile Sugar acquisition: Orascom Investment Holding (OIH) has withdrawn its offer to acquire…
Egypt’s HyperOne to invest EGP 5 bn on developing new, existing branches
INVESTMENT WATCH- HyperOne to invest EGP 5 bn on developing new and existing branches: Retail chain HyperOne will spend EGP…
Cabinet issues executive regulations for settling building violations
LEGISLATION WATCH- Cabinet issues executive regs for settling building code violations: Prime Minister Moustafa Madbouly has issued the executive regulations…
Government postpones amendments on universal healthcare tithe
LEGISLATION WATCH- Gov’t postpones amendments on healthcare tithe to next parliamentary session: The government has postponed talks over setting a…
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