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CBE sells EGP 18.2 bn treasury bills
Egypt sold EGP 18.2 bn in treasury bills on Sunday, according to the central bank’s website. The sale included EGP…
House pushes forward with legislation to regulate the Egyptian industries federation
LEGISLATION WATCH- House working group signs off on bill that regulates Federation of Egyptian Industries. A working group at the…
Earnings watch: CIRA reports FY2018 results in maiden earnings post-IPO
EARNINGS WATCH- Cairo for Real Estate and Investment (CIRA) reported a 95% y-o-y increase in net profit to EGP 126.4…
Egypt’s Edita Food Industries to invest EGP 300-350 mn next year to increase capacity
Edita is planning to invest EGP 300-350 mn next year to increase production capacity and finance overseas expansion, CEO and…
Jaz spending EGP 4 bn in eight new hotels in Egypt’s resort towns
INVESTMENT WATCH- Travco subsidiary to invest EGP 4 bn in new Egypt hotels: Travco subsidiary Jaz Hotel Group is investing…
Qalaa looking at early 2020 listing of TAQA, ERC
IPO WATCH- Qalaa looking at early 2020 listing of TAQA, ERC: Qalaa Holdings could IPO subsidiaries TAQA Arabia and the…
Trade minister downplays ‘automotive directive,’ says talks are ongoing with unnamed global car manufacturers on Egypt investments
Trade Minister: Please stop asking about the “automotive directive.” Trade and Industry Minister Amr Nassar threw cold water on years…
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