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EuroMena to sell stake in three Egyptian companies as part of shifting regional strategy
PE WATCH- EuroMena to sell stake in three Egyptian companies as part of shifting regional strategy: Lebanese private equity firm…
Speed Round
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EFSA approves Modern Waterproofing Company’s MBO, window opens today to 28 September
M&A WATCH- A rare management Buyout. The Egyptian Financial Supervisory Authority reportedly gave the management team at Modern Waterproofing the…
Intro Group reportedly acquires 50% of TBS
M&A WATCH- The Abbas family’s Intro Group has reportedly bought 50% of the company that owns bakery TBS and the…
Saudi’s Sharbatly, El Shobokshi to invest USD 2.15 bn in Egypt
INVESTMENT WATCH- Saudi’s Sharbatly, El Shobokshy to invest USD 2.15 bn in Egypt: Abdulrahman Sharbatly’s Al Nahla Group and Fahd…
Qatar restores diplomatic ties with Iran
REGIONAL- Qatar has restored diplomatic ties with Iran “in a move set to further inflame tensions with the four Arab…
Earnings watch: Orascom Construction
EARNINGS WATCH- Orascom Construction Limited (OC) reported net income attributable to shareholders in 2Q2017 of USD 23.7 mn, down from…
Trade Minister inaugurates new Sadat City factories, announces plans to establish five new industrial zones as manufacturers reveal upcoming plans
Kabil announces plans to established five new industrial zones, inaugurates new factories during Sadat City media tour: The five new…
Manufacturers looking to press gov’t once again on lowering gas prices
Manufacturers are looking to press the government once again on repricing natural gas to industry, with the Union of Egyptian…
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