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THIS MORNING: Orascom Financial to decide on Chimera’s Beltone bid today + Metro and train fares are going up
Good morning, wonderful people, and welcome to a reasonably quiet (but not dull) Monday morning. It feels a little bit…
Let the negotiations over Pachin begin
The board of state-owned, EGX-listed paint maker Paint and Chemicals Industries (Pachin) has rejected Saybad Industrial Investment’s acquisition bid, saying…
THIS EVENING: Pachin BoD rejects Saybad takeover bid + Uber raises prices on higher fuel costs. Plus: Interest rate decisions from Turkey and the ECB
We’ve officially made it to the weekend, friends. As you join the exodus to Sahel (or if you managed to…
Mohamed El Sewedy acquires sportswear brand Magma
Mohamed El Sewedy has acquired local sportswear brand Magma for an undisclosed amount, Averroes Ventures, which worked on the transaction,…
Beltone has 10 days to decide on Chimera’s takeover bid
Beltone Financial has until 3 August to come to a decision on Chimera Investments’ bid to acquire up to 90%…
THIS EVENING: Beltone has two weeks to decide on Chimera’s acquisition bid + Putin says Gazprom is keeping the taps on.
Good afternoon, wonderful people, and a very happy almost-THURSDAY to us all. It’s a relatively calm day on the news…
Toyota exits Egyptian Offshore Drilling Company
Toyota exits Egyptian Offshore Drilling Company: Toyota has sold its 50% stake in the Egyptian Offshore Drilling Company ahead of…
FRA approves Chimera’s bid to acquire Beltone
Chimera is one step closer to acquiring Beltone: Chimera Investments’ bid to acquire up to 90% of Beltone Financial is…
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