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Pioneers completes five-way MTO
M&A WATCH- Pioneers completes five-way MTO: Pioneers Holding’s non-cash mandatory tender offers to increase its share to 90% in five…
Egypt settles c. EGP 3 bn in overdue exports subsidies in April, May
The Export Subsidy Fund doled out nearly EGP 3 bn in overdue export subsidies in April and May, bringing the…
Gov’t considering raising tariffs on imports of steel, iron billets
The Trade and Industry Ministry is considering raising tariffs on imports of steel and iron billets, an unnamed government official…
House committee approves USD 2.8 bn covid-19 IMF funding
LEGISLATION WATCH- House committee approves USD 2.8 bn covid-19 IMF funding: The House Economic Committee approved Egypt’s agreement with the…
Beginning with tourist governorates, Egypt could gradually resume international travel next month
Egypt could gradually reopen airspace to international flights next month, starting with coastal tourism destinations: Egypt could begin allowing international…
Earnings Watch: Misr Cement, Abu Qir, Telecom Egypt
EARNINGS WATCH- State-owned Telecom Egypt (TE) reported a 19% y-o-y decline in 1Q2020 net profits to EGP 1.3 bn on…
MM Group appoints Khaled Hamdy as CEO for financial sector
MOVES- Khaled Hamdy has been appointed as financial sector CEO for MM Group for Industry and International Trade, according to…
GERD talks between Egypt, Sudan and Ethiopia are still struggling to make headway
Egypt says GERD talks “can’t be described as positive” as Addis Ababa continues to drag its feet: Tripartite negotiations yesterday…
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