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What we’re tracking on 16 September 2020
It’s another busy news day as we hurtle toward the end of the week, so let’s get this show started.…
Italy’s Sopria Holding to set up supermarket chain in Egypt
Egypt has signed an agreement with Italy’s Sopria Holding to set up a new Italian supermarket chain in Egypt, the…
OIH reports EGP 49.9 mn loss in 2Q2020
EARNINGS WATCH- Orascom Investment Holding (OIH) reported a EGP 49.9 mn loss in 2Q2020 after making a EGP 74.6 mn…
US VC firm Openner to launch accelerator in Egypt
STARTUP WATCH- US VC firm Openner to launch accelerator in Egypt: Washington, DC-based venture capital outfit Openner will establish an…
Profits at top 5 real estate firms fall 31% in 2Q2020
Egypt’s five largest listed real estate companies reported a combined drop in profits of around 31% in 2Q2020 as a…
Ezdehar Egypt Mid-Cap Fund acquires minority stake in Al Tayseer Healthcare Group
M&A WATCH- Ezdehar Egypt Mid-Cap Fund has acquired a minority stake in AlTayseer Healthcare Group, according to an Ezdehar statement…
Is Telecom Egypt serious about a Vodafone Egypt takeover?
M&A WATCH- Is Telecom Egypt serious about a Vodafone Egypt takeover? Telecom Egypt (TE) could be about to thwart Saudi…
GAFI approves new projects in IDG’s e2 industrial park in Alamein
INVESTMENT WATCH- GAFI approves new projects in IDG’s e2 industrial park in Alamein worth EGP 600 mn: The General Authority…
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