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Dreamland no longer has beef with the government + branded cotton exports coming soon
Dreamland no longer has beef with state-owned banks: Conglomerate Bahgat Group’s Dreamland Egypt has reached a settlement agreement with state-owned…
Pioneers, Arab Dairy report higher net income in 1Q2021, Kabo narrows losses
EARNINGS WATCH- Pioneers Holding net income inched up to EGP 299.6 mn in 1Q2020, up 10.4% y-o-y from EGP 271.3…
Plan to overhaul state-owned enterprises hits the House
Tawfik outlines SOE overhaul plan for parliament: The Public Enterprises Ministry is looking to streamline state-owned spinning and weaving companies…
Also on our radar on 22 December 2020
TE, Orange Egypt clear up commercial disputes + extend cooperation on transmission services: State-owned landline monopoly Telecom Egypt signed agreements…
Chinese clothes maker Handa’s Sharqiya factory to go live in 2021
Chinese clothing manufacturer Handa has completed its USD 20 mn clothing factory in Sharqiya and plans to start production in…
Diplo + Foreign Trade on 22 October 2020
Egypt, Greece, and Cyprus are inviting Turkey in from the cold to collaborate on exploiting the eastern Mediterranean’s gas resources…
Earnings Watch: Orascom Development Egypt, Rameda, Fawry, B Investments, Raya, Beltone, ADIB, Oriental Weavers, GSK
EARNINGS WATCH- Rameda Pharma reported 54% bottom line growth in 2Q2020, with net profits rising to EGP 19.9 mn from…
Three Chinese textile manufacturers looking to set up shop in Egypt’s freezones
Three Chinese textile manufacturers have submitted requests to the General Authority for Freezones and Investment (GAFI) to set up new…
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