Misr Chemical Industries reports jump in earnings due to COVID-19
The company posted profits of EGP 26m for the two-month period over…
Edita subsidiary obtains MAD 80m from Arab Bank – Morocco
Company’s Morocco factory will start operations by beginning of 2021, says Shams…
Taaleem, Palm Hills ink MoU to establish university in Badya project
Subject to regulatory and corporate approval, the joint venture will establish the…
FRA issues financial solvency standards for consumer financiers
Solvency standards set minimum capital adequacy to meet credit. operating risks at…
Egypt’s microfinance portfolio stands at EGP 17.8bn end-March: FRA
2,700 citizens use nano-finance products with loans amounting to EGP 650,000 end-May,…
Edita to revise 2019/20 capex budget to cover key projects
Despite slashing capex budget to EGP 650m from EGP 790m, management optimistic…
Palm Hills borrows EGP 365m from AAIB, Banque Misr to finance Hacienda Bay
The syndicated credit facility will partially finance the investment cost of Hacienda…
Rameda receives export requests for its COVID-19 drug Anviziram
The pharmaceuticals firm awaits the Egyptian Ministry of Health’s approval to export…
FRA introduces new type of investment funds specialised in transferred financial values
Transferred financial value funds provide financing for all financing companies, says Omran
Dice reports significant losses in Q1 of 2020, likely from weak exports
The company reported that net revenues stood at EGP 260.2m, down 40%…