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Electricity Ministry postpones subsidy elimination to FY2020-2021, bills still going up in July
Electricity Ministry postpones subsidy elimination to FY2020-2021, but bill will still go up in July: The Electricity Ministry is planning…
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Oil Ministry gets even nicer with industry with a new debt-relief initiative
Oil Ministry gets even nicer with industry with a new debt-rescheduling initiative: The Oil Ministry has approved a new initiative…
Earnings watch: Orange Egypt records net losses for two consecutive years
EARNINGS WATCH- Orange Egypt reported a consolidated net loss of EGP 1.65 bn in FY2017, down 35.5% y-o-y from EGP…
Egypt becomes world’s largest importer of Russian food products
Egypt has become the world’s largest importer of Russian food products, outpacing China, Russia’s Export Center said, RT reports. According…
Qalaa’s ERC completes financial restructuring as it drives to completion
Qalaa’s Egyptian Refining Company completes financial restructuring as it drives to completion: Qalaa Holdings subsidiary Egyptian Refining Company (ERC) has…
Unionaire Group reportedly pushes back its IPO to 2H2018
IPO WATCH- Unionaire Group has also reportedly pushed back its initial public offering plan to 2H2018 after having originally said…
Enppi’s IPO will take place at the end of the year
IPO WATCH- Enppi’s IPO will take place at the end of the year: The listing of state energy firm Enppi…
Cyprus nearing natural gas agreement with Egypt
Cyprus is nearing an agreement to sell natural gas to Egypt, Bloomberg reports. This would follow the agreement with Israel…
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