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Employees at subsidy smart card manufacturer arrested, charged with graft worth up to EGP 60 mn
Remember last year’s exposé of corruption in the wheat subsidy smart card system by Reuters’ Eric Knecht? On Thursday, the…
Speed Round
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Tax Authority signs off on new income tax breaks
Tax Authority signs off on new income tax breaks: Tax Authority boss Emad Samy signed off on income tax breaks…
Some manufacturers are pressing ahead with expansion plans despite high cost of capital
A number of manufacturers have signaled that they are pressing ahead with expansion plans despite high costs of capital after…
Ministry of Electricity appoints Dr. Mohamed El Khayat new Executive Chairman
MOVES- The Ministry of Electricity appointed Dr. Mohamed El Khayat as new executive chairman of the New and Renewable Energy…
Adel confirmed as EGX deputy head
MOVES- The government confirmed the appointment of Mohsen Adel as deputy chairman of the Egyptian Exchange. News of the appointment…
Rooya in talks with investment banks to find issuance manager for October IPO
IPO WATCH- Rooya Real Estate Investment Company is actively looking for an investment bank to lead its upcoming initial public…
EFG Hermes gets brokerage license in Kenya
In other news from the finance industry, EFG Hermes has moved into Kenya. Subsidiary EFG Hermes Kenya announced it obtained…
ADI signs MoU with Sigma Capital ahead of merger
M&A WATCH- Al Ahly for Development and Investment (ADI) inked an MoU with Sigma Capital on Thursday to kickstart due…
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