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Wheat tender will go on despite reduced Romanian crop
Good news on the food security front: Romania is still interested in selling wheat to Egypt: A prolonged drought is…
FAB, Bank Audi confirm pause on acquisition talks
M&A WATCH- FAB, Bank Audi confirm acquisition talks are on ice: Bank Audi and First Bank of Abu Dhabi (FAB)…
Earnings watch: Rameda Pharma, Credit Agricole Egypt, ADIB, EIPICO, Vodafone Egypt
EARNINGS WATCH- Rameda profits soar in 1Q: Rameda Pharma almost trebled its profits in 1Q2020, recording net income of EGP…
Egypt signs settlement agreement with TMG over Four Seasons San Stefano dispute
DISPUTE WATCH- Gov’t signs settlement with TMG for 2016 dispute over Four Season San Stefano: Talaat Moustafa Group (TMG) and…
Cairo Airport seeking EGP 1.2 bn loan to refurbish Terminal 1
Cairo Airport seeking EGP 1.2 bn loan to refurbish Terminal 1: The Cairo Airport Company has approached the National Bank…
House Speaker submits Income Tax Act, Public Enterprises Act, others, for committee discussion
LEGISLATION WATCH- House Speaker submits Income Tax Act, Public Enterprises Act, others, for committee discussion: House Speaker Ali Abdel Aal…
House approves draft Banking Act with new provisions
LEGISLATION WATCH- House approves draft Banking Act with new provisions: The House of Representatives has approved the long-awaited Banking and…
World Bank approves USD 50 mn facility for Egypt’s covid-19 emergency response
The World Bank approved yesterday a USD 50 mn fast-track facility to bolster Egypt’s covid-19 emergency response capabilities, according to…
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