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Egypt’s new Consumer Credit Act to receive final vote soon
LEGISLATION WATCH- Consumer Credit Act cleared for final vote; House working through a busy legislative agenda: The House of Representatives…
Raya Holding to establish three subsidiaries in 1H2020
Raya Holding is joining the rush into non-bank financial services and aims to set up three subsidiaries in 1H2020, including…
Raya receives 24 offers for Aman Holding minority stake
M&A WATCH- The number of investors wanting in on Raya’s Aman Holding minority stake doubles in a week: Twenty-four domestic…
Raya received 12 bids for non-controlling stake in Aman Holding
M&A WATCH- A total of 12 domestic and international investors are looking to acquire a minority stake in Raya subsidiary…
Fawry to debut in UAE in 1Q2020
Fawry to make its UAE debut this quarter: Egyptian e-payments company Fawry is planning to launch in the UAE during…
Sawiris and co’s EGP 1 bn NBFS firm begins operations
MLF — the NBFS firm set up by Samih Sawiris and others — begins operations: MLF, a EGP 1 bn…
Public Contracts Act amendments get nod from Egypt’s cabinet
CABINET WATCH- Public Contracts Act amendments get nod from cabinet: The Madbouly cabinet has signed off on changes to the…
Egypt’s Al Ahly Capital to acquire Pharos’ asset management for EGP 20 mn
M&A WATCH- Al Ahly Capital is planning a c. EGP 20 mn bid for Pharos Holding’s asset management and investment…
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