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AAIB takes 12.25% stake in Palm Hills Developments, appearing to buy out the Emirates’ Union Properties
M&A WATCH- AAIB takes 12.25% stake in Palm Hills Developments, appearing to buy out the Emirates’ Union Properties. Arab African…
Egypt’s share of domestic M&A in MENA rises as regional transaction volume tumbles to three-year low
Egypt’s share of domestic M&A in MENA rises as regional transaction volume tumbles to three-year low: Egypt was the third-largest…
IMF lowers MENA growth forecasts in 2020 due to persisting uncertainty
The IMF slashed its 2020 GDP forecast for the MENA region, penciling in a 5.7% contraction for the year in…
Yehia Shahine joins ALC Alieldean Weshahi & Partners; Karim Radwan, Sherif Salem tapped as CIOs at Chimera Capital
MOVES- Our friends at ALC Alieldean Weshahi & Partners have welcomed arbitration specialist Yehia Shahine (LinkedIn) to the firm, according…
Earnings Watch: QNB Al Ahli’s net profits fell 9% in 1H2020
EARNINGS WATCH- QNB Al Ahli’s net profits fell 9% y-o-y in 1H2020 to EGP 3.8 bn, according to an earnings…
Property value will likely hold ground as the economy slows -Samih Sawiris
Samih Sawiris sees property values holding their ground despite covid-19 market slowdown: Orascom Development Holding Chairman Samih Sawiris expects real…
FinMin exempts imported steel products from 10% development fee
FinMin exempts imported steel products from new development fees: Imported finished steel products will be exempted from newly-imposed development fee…
FRA approves Adeptio’s minority purchase offer of Americana Egypt
M&A WATCH- Adeptio’s offer to buy out minority shareholders of Americana Egypt gets nod from regulators: The Financial Regulatory Authority…
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