What we’re tracking on 27 March 2017
Bahrain’s King Hamad bin Isa Al Khalifa is in Cairo today on an official visit, according to Bahrain News Agency. Bahrain’s Royal Court said in a statement short on specifics that the king will meet with President Abdel Fattah El Sisi to discuss bilateral relations.
Central Bank of Egypt Governor Tarek Amer returned to work yesterday, according to Al Mal. The governor was in Germany for surgery and was the subject of weekend rumors that he was leaving office.
The House of Representatives’ Legislative Committee is expected to receive the Tiran and Sanafir islands’ sovereignty handover agreement today and will review its “constitutional soundness,” an unnamed MP tells Al Mal.
Integrated Diagnostics Holdings, the high-profile LSE-listed MENA medical diagnostics business, will host its FY2016 results call today. The company reported last week net profit of EGP 466 mn (up from 267 mn in 2015) on revenues of EGP 1.2 bn (up 15% over the previous year). Its board has recommended a final dividend of USD 0.14 per share (or USD 21 mn in total) compared with USD 0.06 per share last year. The company’s final results statement is here.