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Louis Dreyfus’ Egyptian affiliate submits bid for NCMP stake
M&A WATCH- Global commodities giant Louis Dreyfus’ local affiliate, Al Mona Misr, has presented a bid to acquire Misr Capital…
Speed Round
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Egypt tapping local and international investment banks to advise on IPOs of state-run companies
IPO WATCH- Government officials are in talks with local and international investment banks to advise on the sale on the…
Foreign holdings of Egyptian debt increased to EGP 91.8 bn
Foreign investors have reportedly grown their holdings of Egyptian treasuriesto EGP 91.8 bn since the EGP float, Al Borsa reports,…
RenCap says Egypt is its top pick
Egyptian assets are Renaissance Capital’s top pick: Egypt is now reaping the rewards of the EGP devaluation, according to Rencap’s…
New Zealand considering imposing a laptop ban on flights from Middle East
New Zealand is considering restricting laptops and other large electronic devices on flights from some Muslim-majority countries in the Middle…
Earnings watch: Arafa Holding
EARNINGS WATCH- Arafa Holding recorded a consolidated net profit of USD 7.8 mn in 2016, down from USD 12.45 mn…
Lafarge CEO Olsen out amid pressure from anchor shareholders including Nassef Sawiris
MOVES- Lafarge CEO Eric Olsen will step down in July, reportedly under pressure from three big shareholders with strong opinions…
Social Solidarity Ministry raises minimum social insurance payout to employees
The Social Solidarity Ministry had apparently raised the minimum requirement employers must pay in social insurance, said the ministry's legal…
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