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EFG Hermes tops brokerage league for March
EFG Hermes topped the EGX’s brokerage league table for March with a market share of 30.8%, according to figures released…
Algebra ventures co-leads USD 800k seed funding round for Brimore
Our friends at Algebra Ventures have co-led a USD 800k seed round for direct-selling company Brimore in partnership with Endure…
Middle East Glass, IFC sign USD 100 mn financing agreement
Middle East Glass, IFC sign USD 100 mn financing agreement: The Middle East Glass Manufacturing Company (MEG) yesterday signed a…
Egypt’s balance of payments enters deficit in 1H2018-19, current account deficit widens to USD 3.8 bn
Tourism is up, but FDI is down: Egypt’s balance of payments swung to a USD 1.77 bn deficit in 1H2018-19…
Egypt automotive sales down 5.2% y-o-y in February to 10,857 vehicles
Total vehicle sales fell 5.2% y-o-y in February to 10,857 vehicles, according to figures from the Automotive Information Council (AMIC),…
Sawiris looks to acquire license for SME-focused bank in Egypt
Hope springs eternal: Naguib Sawiris would like to set up an SME-focused financial institution once the Central Bank of Egypt…
New Banking Act will not impose term limits on banks’ managing directors
LEGISLATION WATCH- There are no term limits for bank managing directors in the draft of the amended Banking Act now…
Egypt’s state-owned oil tanker company MIDTAP gets new CEO
MOVES- Appointments at state-owned petroleum companies: Oil minister Tarek El Molla has named Adel Elsayed Elsheyoukh as CEO of state…
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