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FRA green-lights Sika Egypt’s MTO for Bitumode
M&A WATCH- FRA green-lights Sika Egypt’s MTO for Bitumode: The Financial Regulatory Authority (FRA) has approved a mandatory tender offer…
IMF greenlights USD 2.8 bn in pandemic aid to Egypt
IMF greenlights USD 2.8 bn in pandemic aid to Egypt: The International Monetary Fund’s executive board signed off yesterday on…
Two-year lockup on 106 mn CI Capital shares expires
A two-year lockup period on a little over 106 mn shares of CI Capital issued in a capitalincrease (pdf) as…
Parliament gives preliminary thumbs-up to Banking Act
LEGISLATION WATCH- House approves proposed Banking Act “in principle”: The House of Representatives yesterday gave preliminary approval to the proposed…
Beltone Financial to finalize Auerbach Grayson sale in 3 months
M&A WATCH- Beltone to complete sale of Auerbach Grayson in three months: Beltone Financial Holding is expecting to wrap up…
VAT fast-track refunds published in Egypt’s government gazette
REGULATION WATCH- Fast-track VAT drawbacks are now officially a thing: The Official Gazette published earlier this month a decree (pdf)…
FRA rules you can’t be both CEO and chairman of an EGX-listed company
REGULATION WATCH- FRA rules you can’t be both CEO and chairman of an EGX-listed company: The Financial Regulatory Authority (FRA)…
Egypt’s Cabinet approves income tax breaks, other decisions in weekly meeting
CABINET WATCH- Cabinet approves income tax breaks: The Madbouly cabinet greenlit in its weekly meeting on Thursday proposed amendments to…
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