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Businesses eager for interest rates to return to pre-float levels to boost investment
EXCLUSIVE- The Enterprise business interest rate survey: How far will interest rates have to fall before big business starts borrowing…
Earnings watch: Palm Hills, Orascom Investment Holding
EARNINGS WATCH- Palm Hills Development (PHD) reported a 37% y-o-y drop in 1Q2019 net profit to EGP 141.2 mn, down…
Cabinet rolls out amendments to executive regs on real estate funds
REGULATION WATCH- Cabinet amends Capital Markets Act regs on real estate funds: Prime Minister Moustafa Madbouly has issued a decree…
Orcas raises USD 500k in Algebra-led pre-Series A funding round
INVESTMENT WATCH- Orcas raises USD 500k in Algebra-led pre-Series A funding round: Egyptian edtech startup Orcas has raised USD 500,000…
House approves govt-proposed amendments on prosecution, judicial authorities, pensions and non-housing rent
LEGISLATION WATCH- House approves govt-proposed amendments to administrative prosecution, judicial authorities act: Beyond the economy, the House of Representatives voted…
Legislative activity is ramping up in the House
LEGISLATION WATCH- It’s the busiest day in the House since, well, last June: It’s that time of the year, ladies…
Government plans to issue zero-coupon bonds in July
EXCLUSIVE- Gov’t set to issue next month its first zero-coupon bonds since 2013: The government is planning to issue in…
Correction
CORRECTION- We reported yesterday that GTH anchor shareholder Veon was nearing an EGP 2.2 bn agreement to settle a tax…
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