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Al Ezz Dekheila Steel reports EGP 1.2 bn losses in 2Q2020
EARNINGS WATCH- Al Ezz Dekheila Steel (EZDK) reported consolidated net losses of EGP 1.2 bn in 2Q2020, compared to EGP…
Egyptian fashion rental platform La Reina raises six-figure seed funding round
STARTUP WATCH- Online fashion rental service La Reina raised an undisclosed six figure seed funding round from Algebra Ventures, 500…
Concentration risk regs relaxed for Egypt’s mortgage lenders
REGULATION WATCH- Mortgage finance companies can now lend up to 15% of their capital base to an individual household, up…
Contractors can resume constructions on buildings up to four storeys
Construction ban partially relaxed: Contractors and real estate developers will now be permitted to resume construction on buildings that are…
Speed Medical to invest EGP 330 mn through 2022
INVESTMENT WATCH- Lab outfit Speed Medical (SPMD) plans to invest some EGP 330 mn in expansions and acquisitions through 2022,…
Al Tayseer Healthcare Group eyes full ownership of Mansoura Medical Center
M&A WATCH- Al Tayseer Healthcare Group is seeking full ownership of Mansoura Medical Center, in which it currently holds a…
Car sales rise in August as sector recovers from covid-19 slump
Car sales continued to rebound in August from a slump in sales during the second-quarter covid-19 lockdown, according to industry…
Egypt could take its debut sovereign green bond issuance to market as soon as today
Egypt could take its debut sovereign green bond issuance to market as soon as today, Bloomberg reported yesterday. The USD…
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