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House approves legislation to channel 5-15% of slush funds to state coffers
The Madbouly Cabinet received the House of Representatives’ official vote of confidence yesterday, Al Mal reports.The majority of reps. had…
SPEED ROUND
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EARNINGS WATCH: Eastern Company, Orange Egypt, Vodafone report results
EARNINGS WATCH- Eastern Company reports record 42.5% jump in FY2017-18 net profit to EGP 4.2 bn: The state-owned Eastern Tobacco…
Pharos acts as broker for Mondi’s acquisition of Suez Bags
M&A WATCH- Mondi to complete MTO of Suez Bags next week: Mondi Paper Sales plans to complete its mandatory tender…
Rajhi Group to invest EGP 2.5 bn on solar-powered land reclamation in Toshka
INVESTMENT WATCH- Saudi’s Rajhi Group plans to invest over EGP 2.5 bn to reclaim 17,000 feddans in the Toshka project,…
HHD hires NI Capital to manage October stake sale on EGX
HHD hires NI Capital to manage October stake sale on EGX: Heliopolis for Housing and Development (HHD) chose state-owned investment…
Madbouly Cabinet signs off on fuel hedging
CABINET WATCH- The Madbouly Cabinet gave the Oil Ministry the greenlight to sign fuel hedging contracts with international banks at…
US releases USD 195 mn in military aid to Egypt
US releases USD 195 mn in military aid to Egypt: The US government has released USD 195 mn in military…
Preliminary figures show Egypt’s GDP growth rose to 5.3% in FY2017-18
Preliminary gov’t figures show Egypt’s GDP growth rose to 5.3% in FY2017-18: Egypt’s GDP grew to 5.3% in FY2017-18, its…
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