The parliament approved an omnibus draft law by the ruling party AKP, including some of the measures promised in the lira rescue package, announced last month, the Bloomberg HT financial news website reported yesterday. It updated the 5% pay hike to ...

In the commodity market, gold bears were put to the sword overnight as a weaker dollar and geopolitical tensions around Ukraine boosted the metals safe haven appeal. A report from the Ghana Statistical Service showed that producer inflation in the mi...

Net profit of EGP400 mn (+10% YoY), implying a NPM of 5%. Management expects 2021 smartphones sales value to cross the EGP60.0 billion mark, registering a growth of 22% YoY in 2021. This was primarily led by a successful range of product offering and...

The retail pharma market continued to sequentially recover during 11M21, which confirms the sustainability of the gradual sequential recovery expected in 4Q21 and accordingly in 2022 and thereafter. Retail pharma market volumes recorded a decline of ...

IDHC is on track to achieve a record year in 2021, with revenues almost doubling in 9M21 recording around EGP3.8 billion and net profit almost tripling to stand at EGP1.1 bn, with the highest ever revenues, EBITDA and net profit recorded in the third...

Sentiment towards the USD has improved or rather, global growth sentiment has deteriorated and a rotation back towards the USD is now evident. Since November, the tourism sector has been further battered by a decision to ban incoming flights to the c...