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Egyptian stock trading platform Thndr receives brokerage license
STARTUP WATCH- Cairo-based investment platform Thndrwas awarded Egypt’s first new brokerage license since 2008, according to a company statement (pdf).…
Nile Cotton Ginning investors looking to purchase 7.06% stake from worker’s union for EGP 183 mn
M&A WATCH- A group of investors in state-owned Nile Cotton Ginning want to buy out the company’s workers’ union, offering…
Egypt signs EGP 4.3 bn Gulf of Suez wind power plant agreement with Vestas
INVESTMENT WATCH- Egypt, Vestas ink EGP 4.3 bn Gulf of Suez wind power plant agreement: The New and Renewable Energy…
Beltone to launch three NBFS firms next month, eyeing return to profitability
Beltone Financial Holding will set up three new non-banking financial companies in September in a bid to return to profitability,…
House of Representatives signs off on law restructuring Egyptian Endowments Authority; covid-19 financing packages
Draft law to restructure the Egyptian Endowments Authority gets preliminary sign-off: The House general assembly yesterday approved in principle a…
Could we be getting more clarity on the fate of Egypt’s state privatization program this month?
PRIVATIZATION WATCH- Could we be getting more clarity on the fate of the state privatization program this month? Finance industry…
Earnings Watch: Orascom Development Egypt, Rameda, Fawry, B Investments, Raya, Beltone, ADIB, Oriental Weavers, GSK
EARNINGS WATCH- Rameda Pharma reported 54% bottom line growth in 2Q2020, with net profits rising to EGP 19.9 mn from…
Makwa raises six-figure investment from unnamed angel investor
STARTUP WATCH- Laundry and dry cleaning services startup Makwa has secured a six-figure investment from an unnamed angel investor, the…
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