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Egypt passes Investment Act exec regs amendments to collect data on foreign investment
LEGISLATION WATCH- Investment Act amendments require public, private entities to submit data on foreign investment assets to GAFI: Prime Minister…
Elaj in talks to acquire Euro Mena II’s stake in Egypt’s International Eye Hospital
M&A WATCH- Saudi’s Elaj in talks to acquire Euro Mena II’s stake in International Eye Hospital: Elaj Group has entered…
Actis, Engie, Datang in the running to acquire stake in Egypt’s combined-cycle power plants
Actis, Engie, Datang in the running to acquire stake in Egypt’s combined-cycle power plants: Actis, France’s Engie, and China Datang…
What we’re tracking on 14 November 2019
It’s interest rate day today: The CBE meets today to review interest rates, with five of the six economists we…
Earnings watch: EFG Hermes, Suez Cement, Tourah Cement, Raya Contact Center, AT Lease
EARNINGS WATCH- EFG Hermes’s net profit after tax and minority interest rose 34% to EGP 358 mn in 3Q2019, compared…
UAE-based trucking network Trukker plans to enter Egypt before end of 2019
STARTUP WATCH- UAE-based trucking network Trukker is to expand into the Egyptian market before the year is out, CEO Gaurav…
Canadian companies planning to invest USD 70 mn in gold processing facility in Egypt
INVESTMENT WATCH- A group of unnamed Canadian companies are looking to set up a USD 70 mn gold processing facility…
e-Finance to wrap up legal procedures by the end of the year for its planned IPO
IPO WATCH- e-Finance to wrap up legal procedures for IPO by the end of the year, timing still undecided: Payments…
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