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Union National Bank in the process of delisting from Egypt’s bourse
Union National Bank has begun working towards its voluntary delisting from the EGX, after its board of directors approved the…
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El Makasa Sport looks to debut on the Egyptian exchange in 2H2020
El Makasa Sport is raising capital with the aim of launching on the EGX and trading in the second half…
Palm Hills Egypt board approves purchase of 62 mn treasury stocks
Palm Hills Development’s (PHD) board of directors approved the purchase of 62.351 mn treasury stocks to hedge against the "unjustified"…
Sovereign Fund of Egypt assessing 10 military subsidiaries to offer them for co-investment
The Sovereign Fund of Egypt (SFE) is studying 10 military-owned companies to offer them for co-investment, CEO Ayman Soliman tells…
EgyptAir consortium tapped by Nigeria to help overhaul aviation industry
Nigeria has selected an EgyptAir-led consortium to set up an aircraft leasing company as part of a plan by the…
Alexbank signs USD 100 mn agreement with EBRD to finance SMEs
Alexbank lands USD 100 mn EBRD loan for SME finance: Alexbank has signed a cooperation agreement worth USD 100 mn with…
DHL Express to increase investment in Egypt
DHL Express will open six new branches in Egypt this year and increase its aircraft count to four by the…
Egypt’s unemployment rate rises marginally in 4Q2019 to 8%, q-o-q
Unemployment in Egypt fell to 8% in 4Q2019, down 0.9% y-o-y from 4Q2018, according toCapmas figures. Unemployment increased marginally on…
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