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Mashreq Bank considers purchasing majority stake in Arab Investment Bank
M&A WATCH- The UAE’s Mashreq Bank is considering acquiring a controlling stake in Egypt’s Arab Investment Bank (AIB), sources familiar…
Adeptio appeals FRA’s rejection of Americana Egypt MTO
M&A WATCH- Adeptio appeals FRA’s rejection of Americana Egypt MTO: Adeptio has reportedly scheduled a court date in March with…
Cairo 3A bids for Americana's stake in Egyptian Starch and Glucose
M&A WATCH- Cairo 3A bids for 91.5% stake in Egyptian Starch and Glucose: Cairo 3A has made an offer to…
Sovereign Fund of Egypt seeking investor to buy NIB’s stake in e-Finance
The Sovereign Fund of Egypt could be looking sell the National Investment Bank’s stake in e-payments platform e-Finance, according to…
The results of our Enterprise 2020 reader poll
For all of the complaining, 2019 was a pretty good year in which to do business in Egypt, you told…
What we’re tracking on 3 February 2020
The results of the 2020 Enterprise Reader Survey are in. Altogether, businesses in Egypt say they fared relatively well in…
Americana Egypt to invest EGP 150 mn this year
Americana Egypt plans to invest EGP 150 mn this year in new outlets and branch development, Managing Director Mohamed Hassan…
Future Pharma negotiating with banks to part-finance new EGP 500 mn factory
Future Pharma Industries (FPI) is negotiating several unidentified local banks to secure funding for a new EGP 500 mn factory,…
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