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Unionaire rebrands as UGT
Unionaire Group Technology has announced its rebranding toUGT. The new entity will include Unionaire, Premium, Fine Stone and TCL, and…
Smoke ‘em if you’ve got ‘em
New rules for the license to establish Egypt’s second major tobacco company are now officially being drawn up by the…
ADQ’s Agthia is one step closer to Atyab takeover
ADQ Holding’s Agthia to move forward with Atyab acquisition soon: Emirati state-owned investment firm ADQ Holding’s food subsidiary Agthia has…
Cement industry production cuts on the way?
A way out of the Great Cement Crisis? An agreement stipulating production cuts for cement manufacturers and other industry-wide measures…
Kuwait’s SWF eyes new acquisitions in Egypt’s pharma, food sectors
Kuwait’s sovereign wealth fund KIA is planning to acquire minority stakes in four to five companies in Egypt over the…
Re-energized small-cap index coming to a market near you at the end of the year
The EGX30 ended today’s session flat on turnover of EGP 685 mn (53.5% below the 90-day average). Foreign investors were…
A light at the end of the canal?
The good news: The Ever Given is starting to budge. Tug boats managed to move the giant vessel 29 meters…
Also on our Radar on 24 March 2021
A syndicate of domestic banks has agreed to almost double the value of a loan taken on by the Saudi…
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