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Egypt’s foreign debt rises to USD 96.6 bn in 2Q2018-19
Egypt’s foreign debt rises to USD 96.6 bn in 2Q2018-2019: The nation's foreign debt rose 16.5% y-o-y to USD 96.6…
Egypt’s annual inflation falls to 13%
Inflation unexpectedly cooled in April: The annual headline rate of inflation fell to 13.0% in April from 14.2% in March,…
Egypt is studying sweeping changes to tax legislation
EXCLUSIVE- Gov’t studying significant tweaks to income tax legislation: The government has begun drafting changes to the Income Tax Act…
SCCT appoints new COO
MOVES- Suez Canal Container Terminal (SCCT) has appointed Mahmoud Ayoub as COO,the company said in a statement picked up by…
Ahmed Nabil Abdelmeguid named M&A head at Elsewedy Electric
MOVES- Elsewedy Electric has appointed Ahmed Nabil Abdelmeguid (LinkedIn) as the company’s new head of mergers and acquisitions. Abdelmeguid was…
Earnings watch: Edita, MNHD report 1Q2019 results
EARNINGS WATCH- Edita net profit increases 87.8% y-o-y in 1Q2019: High-profile snack food maker Edita recorded an 87.8% y-o-y increase…
Cabinet approves EGP 10 bn securitization issuance and new investment zone in New Aswan
CABINET WATCH- Cabinet approves EGP 10 bn securitization issuance and new investment zone in New Aswan: The cabinet of Prime…
Valentine CEO intends to acquire USD 37 mn stake in Maridive
UAE-based investor intends to acquire USD 37 mn stake in Maridive: Najjad Zeenni, the UAE-based investor, has announced his intention…
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