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Cairo ranked among the world’s least expensive cities
Cairo is one of the least expensive cities in the world, according to the Economist’s Intelligence Unit’s 2019 Worldwide Cost…
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Earnings watch: EFG-Hermes and Al Ezz Dekheila Steel report 2018 results
EARNINGS WATCH- EFG Hermes is proposing an EGP 0.65 / share dividend for FY2018 pending approval of the financial service…
Egypt wants to subject real estate payment plans to FRA oversight
LEGISLATION WATCH- Gov’t wants to subject real estate payment plans to FRA oversight: Installment-based payment plans for real estate could…
Egypt targets budget deficit of 7.2% in FY2019-20
Gov’t is targeting 6.1% economic growth in its next fiscal year: The government is targeting a budget deficit of 7.2%…
Careem rolls out tuk-tuk services in 10 Cairo neighborhoods
Careem is trialing its tuk-tuk service in 10 Cairo neighborhoods, sources tell Al Mal. The ride-hailing app, which launched tuk-tuk…
Nissan, El Nasr Automotive to manufacture 100k cars a year
Nissan, El Nasr Automotive to manufacture 100k cars a year: Nissan and state-owned El Nasr Automotive have signed a memorandum…
Gemini Holding hires Beltone as financial advisor on Nile Sugar acquisition
M&A WATCH- Gemini taps Beltone to advise on Nile Sugar acquisition: Gemini Holding has hired Beltone Financial as its financial…
US-based PE outfits TPG, Carlyle Group eyeing investments in Egypt
US-based private equity outfits TPG and Carlyle Group are looking at investments in Egypt amid the void left by the…
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