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Saudi purge looks set to meet its USD 100 bn target
Mohamed bin Salman’s self-styled corruption crackdown is nearing its target of USD 100 bn, as settlement talks with officials, princes,…
SPEED ROUND
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SPEED ROUND
Earnings watch: Heliopolis Housing and Abu Qir Fertilizers
EARNINGS WATCH- Heliopolis Housing reported a 55% y-o-y decline in net profit after tax to EGP 59.2 mn in 1H2017/18,…
Hurghada tops German package holiday market destinations
Hurghada continued to reign supreme as the premier destination spot for German tourists in December, growing 55% m-o-m, German tourism…
Uber Eats to launch in Cairo and Saudi Arabia this year
Uber will launch is Uber Eats service in Cairo and Riyadh sometime this year, according to a company statement. “The…
NMC Healthcare signs O&M contracts to manage Dar Al Fouad, As-Salam hospitals
NMC Healthcare signs O&M contracts to manage Dar Al Fouad, As-Salam hospitals: UAE-based hospital operator NMC Healthcare signed operation and…
Zobaa steps down as MD of GAFI
Trouble at GAFI? General Authority for Investment and Free Zones Managing Director Mona Zobaa announced she has stepped down in…
US imposes new security protocols on cargo flights from five countries,including Egypt
US imposes new security protocols on cargo flights from Egypt and four other countries: The US Transportation Security Administration issued…
Masdar proposes solar plant investments of USD 600 mn
INVESTMENT WATCH- Masdar plans to invest in up to 500 MW of solar power generation capacity: UAE’s Masdar presented the…
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