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Posted inCALENDAR

JANUARY January: Fuel pricing committee meets to decide quarterly fuel prices. January: Infinity + Africa Finance Corporation to close acquisition of Lekela Power. 26 January-6 February (Thursday-Monday): Cairo International Book Fair, Egypt International Exhibition Center. 30 January-1 February (Monday-Wednesday): CI Capital’s Annual MENA Investor Conference 2023, Cairo, Egypt. 31 January (Tuesday): The IMF will release […]

Posted inUncategorized

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Posted inIPO

Investment banks eye terminal operator IPOs — and Qatar’s SWF is looking for a strategic stake

A unit of Qatar’s sovereign wealth fund is eyeing majority stakes in two state-owned terminal operators as investment bankers angle for IPO mandates in what could be the first sign so far this year of significant new activity in the Madbouly government’s privatization program. The Qatar Investment Authority’s Maha Capital has submitted an offer to […]

Posted inLEGISLATION WATCH

Transport Minister defends spending on Talgo trains, rail infrastructure

Transport Minister defends spending record at the House: Transport Minister Kamel El Wazir defended his ministry’s spending on trains and rail infrastructure at the House yesterday, responding to wide-ranging questions from MPs. Our seven new Talgo trains were a smart buy, according to El Wazir: The government secured the Spanish-made trains at a 25% discount […]

Posted inCapital markets

Three in, three out as EGX30 rebalances

The EGX30’s semiannual rebalancing is done, the EGX said in a statement out yesterday. In: Abu Dhabi Islamic Bank Egypt, snack food maker Edita, and Taaleem Management Services have all been added. Out: Alexandria Containers and Cargo Handling, Housing and Development Bank, and QNB Al Ahli have all been rotated out. SOUND SMART- Criteria to […]

Posted inMoves

Ahmed Fahmy takes over from Bassam Rady as Ittihadiya spokesperson

Ambassador Ahmed Fahmy (LinkedIn) will assume the role of Ittihadiya spokesperson starting today, Ala Mas’ouleety reported outgoing spokesperson Bassam Rady as saying (watch, runtime: 2:50.) A veteran diplomat with nearly two decades of experience at the Foreign Ministry, Fahmy has represented Egypt at the UN in New York and at the Egyptian Embassy in Abidjan, […]

Posted inLAST NIGHT’S TALK SHOWS

American invasion on the airwaves

Blinken everywhere: US Secretary of State Antony Blinken’s meetings with President Abdel Fattah El Sisi and Foreign Minister Sameh Shoukry kept the talking heads busy last night. State Department Arabic Spokesperson (and Cairo veteran) Sam Werberg made the rounds last night, managing to squeeze in interviews with no less than eight local and regional channels […]

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