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FRA cuts service fees on EGX trades in stimulus for market
The Financial Regulatory Authority is cutting service fees for securities traded on the EGX to 0.005% on transactions to a…
Egypt, World Bank discuss potential USD 200 mn loan for El Manashy railway line
Egypt, World Bank discuss potential USD 200 mn loan for El Manashy railway line: The Transport Ministry is in talks…
FRA approves Pioneers Holdings’ five-way MTO
M&A WATCH- FRA approves Pioneers Holding’s acquisition of five of its subsidiaries shares: The Financial Regulatory Authority has approved Pioneers…
FAB completes due diligence on Bank Audi Egypt acquisition, now finalizing its offer
M&A WATCH- FAB completes due diligence on Bank Audi Egypt: First Abu Dhabi Bank (FAB) has completed due diligence on…
Egyptian e-commerce startup Source Beauty lands pre-seed funding from 500 Startups
STARTUP WATCH- Source Beauty raises pre-seed funding from 500 Startups: Source Beauty, an Egyptian e-commerce startup focused on beauty products,…
CDC closing in on USD 100 mn investment in unnamed healthcare player
INVESTMENT WATCH- CDC closing in on USD 100 mn investment in unnamed healthcare player: The UK’s CDC Group is planning…
CBE may extend subsidized loan program to contractors
CBE may extend subsidized loan program to contractors: CBE Governor Tarek Amer will propose allowing contractors to access subsidized loans…
Egypt’s inflation rises in April to 5.9%, ahead of expectations
Annual urban inflation in April outpaced analyst expectations, rising to 5.9% from 5.1%in March, according to data out on Sunday…
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