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GAFI issues regs on how preferred shares work in Egypt
REGULATION WATCH- Tweaks to regulations on how preferred shares (or preference shares, if you prefer) work: The General Authority for…
Qalaa Holdings expects revenues to exceed EGP 90 bn next year
Qalaa Holdings expects to record revenues north of EGP 90 bn (USD 5.25 bn) next year, Chairman Ahmed Heikal told…
Egypt is one of Franklin Templeton’s top three global market picks for growth
Egypt is one of Franklin Templeton’s top three global market picks for growth, Zawya reports. Salah Shamma, co-head of MENA…
Egypt’s state-owned HHD sells 1980 feddan land in Sheraton, New Cairo
Heliopolis Housing and Development (HHD) sold a 1,980-feddan land plot in Sheraton, Heliopolis, for EGP 99.3 mn at auction on…
Compass completes exit from CI Capital
Compass completes exit of CI Capital: Private equity firm Compass has completed the sale of its remaining equity stake in…
BdC to make EGP 200 mn in direct investments by end of 2019
Banque du Caire (BdC) is planning to invest a further EGP 200 mn into companies by the end of 2019,…
Egypt, Lebanon ink five agreements during Arab Economic Forum
Egypt, Lebanon ink a flurry of agreements during Arab Economic Forum, cementing closer ties: Prime Minister Moustafa Madbouly and his…
Abraaj founder Arif Naqvi released on record GBP 15 mn bail
Abraaj founder Arif Naqvi released on record GBP 15 mn bail: Abraaj founder Arif Naqvi was granted conditional bail by…
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