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EGX sell-off slows following CBE’s surprise rate cut
EGX sell-off slows following CBE’s surprise rate cut: The benchmark EGX30 index dipped again yesterday, but at a slower pace…
Gov’t cuts EGX taxes, energy prices to support businesses through covid-19 outbreak
Gov’t cuts EGX taxes, energy prices to support businesses through covid-19 outbreak: The government has announced a package of fiscal…
Egypt launches consultancy tender for monorail project
Egypt has launched a tender for advisory services for its monorail project (pdf), with the deadline for technical and financial…
Al Ahly Sabbour signs EGP 5 bn agreement with the Urban Communities Authority to develop 6th of October’s Keeva
Real estate developer Al Ahly Sabbour has signed an agreement with the New Urban Communities Authority worth an estimated EGP…
MNHD looks to offload its utilities arm
M&A WATCH- MNHD looks to offload its utilities arm: Madinet Nasr Housing and Development (MNHD) appears to be exploring the…
Sarie-Eldin departs Sodic board, former investment minister Osama Saleh joins
MOVES- Hani Sarie-Eldin has stepped down as chairman and non-executive member of Sodic’s board of directors, the company said in…
MNHD plans new EGP 2 bn securitized bond offering
DEBT WATCH- MNHD plans new EGP 2 bn securitized bond offering: Madinet Nasr for Housing and Development is considering issuing…
Pioneers Holding to move ahead with five-way MTO after lowering share price
M&A WATCH- Pioneers Holding to move ahead with its five-way MTO after lowering share swap price: Pioneers Holding has decided…
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