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What we’re tracking on 21 December 2020
Welcome to the shortest day of the year here in the northern hemisphere, ladies and gentlemen. It’s also the first…
Tons and tons of M&A news
Greek energy company Energean has completed the acquisition of Edison’s energy portfolio, which includes substantial oil and gas assets in…
Privatize all the things
The state privatization program could be making a comeback in the coming months after Public Enterprises Minister Hisham Tawfik told…
Hold your horses
ENTERPRISE POLL- The Central Bank of Egypt (CBE) will leave rates on hold when its Monetary Policy Committee holds its…
Because Egyptians are everywhere
Two Egyptians are now leading multinational telecoms giants: Hatem Dowidar (Linkedin) has been appointed CEO of Etisalat Group after acting…
SFE hits EGP 26 bn milestone
The Sovereign Fund of Egypt (SFE) now has nearly EGP 26 bn in assets under management (AUM), SFE CEO Ayman…
Monginis to invest EGP 200 mn over the next two years to expand their presence nationwide
Sweets maker Monginis is planning to invest EGP 200 mn to double their number of stores to 200 by 2022,…
ODH sells affordable housing arm
An unnamed UK-based fund has acquired 100% of New City Housing and Development for EGP 365 mn, Al Mal reports…
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