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Misr Italia postpones IPO to 2H2020
IPO WATCH- Misr Italia postpones IPO to 2H2020: Property developer Misr Italia has postponed its plans to offer 25% of…
New Pioneers Holding pharma arm looking to acquire manufacturer this year
M&A WATCH- Pioneers’ new pharma arm on the lookout for acquisition targets, first transaction by year end: Pioneers Holding’s new…
CI Capital to list Taaleem on Egypt’s stock market in two years
IPO WATCH- CI Capital plans to take Taaleem to market in two years: Investment bank CI Capital plans to list…
Global FDI jumps 24% in 1H2019, and Egypt remains Africa’s top destination
Egypt is still Africa’s top FDI destination as global flows pick up in 1H2019 -UNCTAD: Global foreign direct investment (FDI)…
Emirates NBD grants Farm Frites USD 28 mn loan
Emirates NBD is extending a USD 28 mn medium-term loan to American Group subsidiary Farm Frites to finance the company’s…
Egypt in the News on 28 October 2019
It’s a wasteland in the international press this morning: Business leaders in the mining sector aren’t too thrilled with the…
Nestlé to invest EGP 600 mn to set up new mineral water factory in Egypt
INVESTMENT WATCH- Nestlé will invest EGP 600 mn in three years to set up a new bottled water factory, and…
Egypt’s bourse, EGP-denominated bonds have been underperforming for weeks
The EGX has been underperforming for weeks, and however well they’re doing, EGP-denominated bonds are lagging the EM peers. Stocks…
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