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What we’re tracking on 15 September 2020
Good morning, friends. It’s another big news day replete with M&As, a spectrum auction that could, one day (maybe?) herald…
Clearance agents can now take out copies of their work history from all ports across Egypt
The Customs Authority has reversed a decision that required independent licensed clearance agents’ work to obtain copies of a document…
Porto, Amer Group determine their shares of USD 51.68 mn compensation payment from Syria’s Antaradous
Syrian tourism company Antaradous will pay out USD 36.6 mn in compensation to Porto Group and USD 15.1 mn to…
FRA rejects Sameem Capital request to disband Prime Holding’s board
The Financial Regulatory Authority (FRA) has rejected requests by shareholders to disband Prime Holding’s board of directors, according to a…
Cleopatra signs business transfer agreement for 60% stake in Bedaya Hospital
M&A WATCH- Cleopatra signs business transfer agreement for 60% stake in Bedaya Hospital: Cleopatra Hospital Group (CHG) signed yesterday a…
Private sector recovery stalls in August
The recovery of Egypt’s non-oil private sector stalled in August despite growth in output and demand, according to IHS Markit…
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…
Agriculture Ministry to modernize irrigation systems in eight governorates
The Agriculture Ministry is working to modernize the irrigation systems used in eight governorates as part of government efforts to…
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