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What we’re tracking on 18 May 2020
THE STORY OF THE DAY- We’re facing a 5pm-6am curfew for Eid El-Fitr as part of a series of tighter…
Spotlight: Majid Al Futtaim’s strategy to cope with covid-19 disruption
Spotlight on Majid Al Futtaim’s strategy to cope with covid-19 disruption: Like so many businesses across the world, Majid Al…
AlHokair’s Marakez seeks USD 135 mn from IFC to build malls in Egypt, pay off debt
INVESTMENT WATCH- Marakez seeks USD 135 mn IFC loan to set up malls in Egypt, pay off debt: Marakez for…
What we’re tracking on 24 March 2020
We’ll forgive you if it feels a little bit like you’re living in a remake of the Bill Murray classic…
New Retail Stores Bill comes into effect, shop owners told to comply
The recently ratified Retail Stores Bill, which imposes new licensing rules on the retail sector, took effect over the weekend…
Raya received 12 bids for non-controlling stake in Aman Holding
M&A WATCH- A total of 12 domestic and international investors are looking to acquire a minority stake in Raya subsidiary…
New owners of Alfa Market plan EGP 80 mn in investment in 2H2020
INVESTMENT WATCH- Alfa Market is planning to invest EGP 80 mn in the second half of 2020 to open two…
Unnamed PE fund close to buying out Egypt’s Cook Door
M&A WATCH- Unnamed PE fund close to buying out Cook Door: An unnamed foreign private equity fund is in the…
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