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Oriental Weavers names Medhat Hussein as new MD
MOVES- The Oriental Weavers board has named Medhat Hussein (LinkedIn) as the company’s new managing director, the company said in…
Earnings Watch: Oriental Weavers, Sarwa Capital
EARNINGS WATCH- Sarwa Capital’s net income after tax rose 130% to EGP 120 mn in 1Q2019, up from EGP 52…
Egypt’s Investment Act amendments get committee-level approval
LEGISLATION WATCH- Companies looking to do follow-on investment could qualify for the same incentives as a new project: The House…
Egypt’s MM Group to acquire factoring company Tamweel by the end of May
M&A WATCH- MM Group to acquire factoring company Tamweel by the end of May: MM Group for Industry and International…
WANT TO HAVE IFTAR WITH US? Take our very short survey, in which we ask you which sector you would…
Egypt caps FY2019-20 state spending at EGP 1 tn
EXCLUSIVE- Gov’t caps FY2019-20 public spending at EGP 1 tn: The government has placed a EGP 1.01 tn cap on…
Global market turmoil sends investors fleeing emerging market shares and currencies
Turmoil in global markets had investors fleeing EM and other so-called “risky” assets yesterday. Shares in developed markets also took…
Amer Group names new CFO and IR director
MOVES- Mahmoud El Ghetany has been named CFO and IR director at Amer Group, replacing Riad Refaat, who has been…
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