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Fawry gets green light from regulator on capital increase
E-payment platform Fawry’s is planning a capital increase to raise its issued capital by EGP 500 mn through new shares…
ODH confirms it is looking to sell stake in Orascom Housing Communities
M&A WATCH- Orascom Development Egypt (ODH) is in talks to sell some or all of its stake in Orascom Housing…
MNHD signs final agreement to offload stake in Nasr Utilities
M&A WATCH- MNHD signs final agreement to offload stake in Nasr Utilities: Madinet Nasr for Housing and Development (MNHD) has…
NI Capital acquires Bank Audi’s Arabeya Online brokerage
M&A WATCH- State owned investment bank NI Capital has signed an agreement to acquire Bank Audi’s Arabeya Online brokerage, Planning…
Consumer healthcare giant IDH considers dual EGX-LSE listing
IPO WATCH- London-listed Consumer healthcare giant Integrated Diagnostics Holdings (IDH) is considering the dual listing of its ordinary shares on…
Earnings watch: ADIB, Al Ahly, Misr Cement Qena
EARNINGS WATCH- Abu Dhabi Islamic Bank recorded net profits of EGP 884.3 mn in 9M2020, down 12.6% y-o-y from EGP…
Egypt entered the crisis strong, and will come out even stronger -Al Mashat
What doesn’t kill you makes you stronger— This was the key message relayed by International Cooperation Minister Rania Al Mashat…
Egyptian startup Wuilt raises USD 535k in seed funding
STARTUP WATCH- Arabic language website builder Wuilt has raised USD 535k in a seed funding round that included VC Daal…
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