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Privatization cometh for Food Industries Holding Co factories?
PRIVATIZATION WATCH- Privatization cometh for Food Industries Holding Co factories? The Supply Ministry is looking at potentially selling off some…
Al Mashat on the government’s response to the covid crisis, the future of tourism and GERD
Al Mashat on the government’s response to the covid crisis, the future of tourism and GERD: The government is working…
STC extends its MoU for Vodafone Egypt purchase by another 60 days
M&A WATCH- STC extends MoU for Vodafone Egypt purchase for a second time: Saudi Telecom (STC) yesterday extended by another…
Car prices for 2020 models expected to drop, 2021 models to rise
You can expect car prices to ease a bit in the coming months before rising again later in the year,…
Gov’t unveils package of measures to boost consumer spending
Gov’t unveils package of measures to boost consumer spending: A new package of measures designed to push the economy through…
Mashreq Bank taps Haitham Hammad as Deputy CEO, Maridive appoints Mohamed El Gamal as CEO
MOVES- Mohamed El Gamal (Linkedin) has been appointed as CEO of Maridive and Oil Services, a subsidiary of Maridive Group,…
Maridive & Oil Services’ net losses increase USD 7.5 mn
EARNINGS WATCH- Maridive & Oil Services’ net losses widened to USD 7.5 mn in 1Q2020, up 532% y-o-y from losses…
Fatura raises USD 1 mn in funding round led by Disruptech
STARTUP WATCH- Egyptian e-payments platform Fatura has raised north of USD 1 mn in its first funding round led by…
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