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Egypt remains most active VC market in MENA in 1H2020 -Magnitt
Egypt remained the most active venture capital market in MENA during 1H2020 with 25% of all transactions in the region,…
NI Capital in talks with Bank Audi for acquisition of Arabeya Online brokerage
M&A WATCH- NI Capital eyes Arabeya Online acquisition: State-owned investment bank NI Capital is in talks with Bank Audi to…
STC completes due diligence on Vodafone Egypt, to announce intention mid-July
M&A WATCH- STC completes due diligence on Vodafone Egypt, to announce intention mid-July: Saudi Telecom (STC) has concluded its due…
Business activity in Egypt started to stabilize in June after the calamitous plunge in May that came with the country’s covid lockdown
Business activity in Egypt began to stabilize in June after the calamitous plunge in May that came with the country’s…
Rafik Batny appointed CFO at Mina Pharm Pharmaceuticals
MOVES- Rafik Batny has been appointed CFO at Minapharm, succeeding Sameh Fahmy, according to an EGX disclosure (pdf).
Banque du Caire profits fall 30% in 1Q2020
EARNINGS WATCH- Banque du Caire profits fell almost 31% in 1Q2020 after the bank reported income of EGP 838 mn,…
Elsewedy Electric extends its stock buyback program to October
Elsewedy Electric is extending its stock buyback program to October, after the board of directors approved last week pushing back…
Egyptian banks dole out EGP 69 bn from CBE’s EGP 100 bn subsidized loan initiative
Banks dole out EGP 69 bn to local industry under CBE’s EGP 100 bn subsidized loan initiative: Egyptian banks —…
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