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Elsewedy Electric plans to get into desalination
Elsewedy Electric plans to get into desalination: Elsewedy Electricity has plans to begin developing desalination plants in Egypt, CEO Ahmed…
Orascom Construction adds USD 825 mn to its backlog in 4Q2018
Orascom Construction adds USD 825 mn to its backlog in 4Q2018: Our friends at Orascom Construction added USD 825 mn…
Egypt’s bourse changes criteria for EGX30 inclusion
REGULATION WATCH- EGX tweaks criteria for inclusion in the benchmark EGX30.The main change in the mechanism is in evaluating shares…
FinMin wants to impose stamp tax on social media ads of up to 20%
EXCLUSIVE- FinMin could impose stamp tax of up to 20% on social media ads: The Finance Ministry appears set to…
MENA banks are in for another difficult year
S&P expects Egyptian banks to lead the wider MENA region in loan growth this year despite sky-high interest rates. The…
Nader Ghabbour named GB Auto’s Vice-CEO
MOVES- Our friend Nader Ghabbour has been named deputy CEO of GB Auto, according to a bourse filing (pdf). Ghabbour,…
El Sisi, Macron lay groundwork for French president’s upcoming visit to Cairo
French President Emmanuel Macron gave President Abdel Fattah El Sisi a call yesterday to lay the groundwork for Macron’s visit…
Egyptian court delays case to extend presidential terms
Court delays hearing on lawsuit designed to scrap term limits for the presidency: The Cairo Court of Urgent Matters has…
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