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The two buyers were 2.9 percentage points off their target to acquire up to 30% of the Jordanian company
Author Archives: enterpriseam admin
Posted inM&A WATCH
Cairo Housing and parent company eye raising stake in United Housing to 90% through MTO
If the transaction moves forward, the share swap will happen at a ratio of one United share to three Cairo Housing shares
Posted inLAST NIGHT’S TALK SHOWS
President Sisi’s Turkey trip dominates the airwaves
Plus, Egypt-Israel tensions reach fever pitch
Posted inEGYPT IN THE NEWS
Egypt’s struggles to keep the lights on amid an energy shortage is continuing to catch the attention of the int’l press
Production falls and rising domestic demand led to Egypt having to ramp up LNG imports
Posted inAlso on our Radar
Auto distributors push for more locally-assembled vehicles to make up for import restrictions. PLUS: Somabay + Redcon, SODIC, TMG, Mass Developments, EFG Hermes, Kima
A group of companies that assemble vehicles led by GB Auto have agreed to increase their allocations to accredited distributor
Posted inPLANET FINANCE
Wake me up when September ends…
Bonds have fallen in eight of the last ten Septembers, and gold has dropped every September since 2017
Posted inCALENDAR
2024 SEPTEMBER 2-3 September (Monday-Tuesday): The Seamless North Africa conference, Cairo. 3-5 September (Tuesday-Thursday): Egypt International Airshow, El Alamein International Airport. 4-5 September (Wednesday-Thursday): The US-Egypt Joint Economic Committee meeting, Washington. 5 September (Thursday): Central Bank of Egypt’s Monetary Policy Committee meeting. 9-12 September (Monday-Thursday): The annual EFG Hermes London Conference. 9 September (Monday): Egyptian […]
Posted inWHAT WE’RE TRACKING TONIGHT
Non-oil private sector activity grows after three years in contraction
Good afternoon, friends. It’s another busy day for business news in Egypt, with the release of S&P Global’s Egypt PMI for August, which showed activity growing after years in contraction. THE BIG STORY TODAY- We’re finally growing: Egypt’s non-oil private sector activity expanded in August for the first time in over three years, S&P Global’s […]