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Prime Holding reports EGP 18 mn loss, Arabian Cement reports EGP 5.64 loss for 1H2020, Ibnsina Pharma reports 16% growth in revenues
EARNINGS WATCH- Ibnsina Pharma’s net profits dipped 36.8% y-o-y to EGP 38.7 mn in 2Q2020, from EGP 62.2 mn in…
Egyptian component manufacturers look to get in on automotive natgas conversion project
The local components industry wants to get in on the government’s auto natgas conversion project: The Egyptian Auto Feeders Association…
Trade Ministry looks to give Federation of Industries more power
Trade Ministry looks to give Federation of Industries more power: The Trade Ministry plans to expand the role of the…
Makwa raises six-figure investment from unnamed angel investor
STARTUP WATCH- Laundry and dry cleaning services startup Makwa has secured a six-figure investment from an unnamed angel investor, the…
EIB could extend EUR 750 mn in covid finance to Banque Misr for SME lending
The European Investment Bank (EIB) could provide Banque Misr with as much as EUR 750 mn for on-lending to SMEs,…
State-owned Banque Misr is now the largest shareholder in EGX-listed CI Capital
M&A WATCH- State-owned Banque Misr is now the largest shareholder in EGX-listed CI Capital after acquiring another 9% stake in…
Zarou plans USD 1 bn investment in energy projects
INVESTMENT WATCH- Zarou plans USD 1 bn investment in energy: Blackstone Group’s energy developer, Zarou, will invest USD 1 bn…
In line with consensus, Central Bank of Egypt leaves rates on hold in August meeting
CBE leaves rates on hold, in line with expectations: The Central Bank of Egypt (CBE) left interest rates unchanged for…
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