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Suez Canal Authority amends contracts with companies over economic zone projects
Suez Canal Authority pulls land from “non-serious” investors: The Suez Canal Authority has amended several previously agreed contracts with companies…
IDH reports 26% y-o-y increase in net profits in 9M2018
EARNINGS WATCH- Integrated Diagnostics Holdings (IDH) reported a 26% y-o-y increase in net profits to EGP 356 mn in 9M2018,…
Swvl valued at USD 100 mn?
INVESTMENT WATCH- Swvl valued at USD 100 mn in series ‘B’ funding round? Mass transit app Swvl raised “tens of…
Giza Systems to list 35% of shares next year as it looks to Africa expansion
IPO WATCH- Giza Systems to list 35% of shares next year as it looks to Africa expansion: B Investments portfolio…
Egypt to hold off on Eastern Tobacco stake sale until the market stabilizes, says EFG
IPO WATCH - No Eastern Tobacco stake sale until the market stabilizes, says EFG: The state will not proceed with…
Egypt welfare recipients will receive payouts for a maximum of two children starting in January 2019
Smart policy: Giving incentives for birth control: China’s (flagging?) two-child policy could never fly in Egypt for cultural and religious…
Egypt is on track to record a 2% primary budget surplus in FY2018-19, says Maait
Egypt is on track to record a 2% primary budget surplus in FY2018-19 as state revenues rose more than 35%…
Egypt banks will see their taxes rise as a result of separately accounting for income from holdings of state debt
Banks will pay significantly more taxes under gov’t proposal that they account separately for their investments in state debt: The…
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