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Rixos to inaugurate three new hotels in Hurghada in 2019
Rixos Hotels is planning to inaugurate three new hotels in Hurghada by the end of 2019, Zawya reports. No details…
Egypt’s cabinet to set up working group on attracting FDI
Madbouly instructs cabinet to set up a working group to attract investment: Prime Minister Moustafa Madbouly ordered the creation of…
OIH looks to extend deadline to acquire Egypt’s Nile Sugar to update valuation report
Orascom Investment Holding wants more time in which to close its acquisition of Nile Sugar as it seeks time to…
Heliopolis Housing out of first wave of stake sales; no stake sales during summer
EXCLUSIVE- Heliopolis Housing dropped from first wave of state privatization program: Heliopolis Company for Housing and Development has been dropped…
What we’re tracking on 23 April 2019
Polls closed last night in the constitutional referendum, ending three days of balloting that have dominated the front pages here…
Companies up to 75% owned by the state could be reclassified as “law 159” enterprises
LEGISLATION WATCH- Companies up to 75% owned by the state could be reclassified as “law 159” enterprises: Listed companies in…
State-owned e-finance is part of second wave of Egypt’s privatization program
IPO WATCH- Fintech company e-finance will IPO as part of the second privatization wave: State-owned financial technology company e-finance will…
Board of directors for Egyptian sovereign wealth fund to be decided next month
The board of directors for the Egyptian sovereign wealth fund will be decided early next monthafter the fund’s CEO has…
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