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Earnings watch: Elsewedy Electric’s net profit and revenues fall in 3Q2018
EARNINGS WATCH- Elsewedy Electric’s consolidated net profit fell to EGP 1.16 bn in 3Q2018 from EGP 1.58 bn during the…
SPEED ROUND
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SPEED ROUND
E-commerce Act to be ready in 1Q2019
LEGISLATION WATCH- E-Commerce Act coming in 1Q2019: The Communication and Information Technology Ministry will finish drafting a new law regulating…
Gov’t to send Real Estate Tax Act amendments to House in December
LEGISLATION WATCH- Gov’t to send Real Estate Tax Act back to House in December: The Madbouly Cabinet has pledged to…
Ride-Hailing Apps Act exec regs out soon
LEGISLATION WATCH- Executive regulations for the Ride Hailing Apps Act will be ready before year-end, Mohamed Hegazy, the head of…
Careem in talks with adviser on potential Uber merger
M&A WATCH- Uber, Careem merger talks appear to be in advanced stages despite Egyptian Competition Authority warning: Dubai-based ride-hailing operator…
Investors to buy 20-25% stake in Ostoul Capital Group
M&A WATCH- Gulf investors are acquiring as much as 25% of Ostoul Capital Groupunder a planned capital increase, CEO Ali…
CBE sells USD 1.7 bn USD-denominated T-bills, repurchases USD 2.6 bn T-bonds
The central bank sold USD 1.7 bn-worth of one-year USD-denominated treasury bills on Monday at an average yield of 3.697%,…
Egypt releases EGP 504 mn in export subsidy funds
Gov’t disburses EGP 504 mn in export subsidy funds: Finance Minister Mohamed Maait has disbursed EGP 504 mn in export…
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