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Beltone Financial to finalize Auerbach Grayson sale in 3 months
M&A WATCH- Beltone to complete sale of Auerbach Grayson in three months: Beltone Financial Holding is expecting to wrap up…
Speed Round
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Egypt awards Aton three-year extension to explore Abu Marawat gold concession
The Egyptian Mineral Resources Authority (EMRA) and Oil Ministry have agreed to grant Aton a three-year extension for its exploration…
Still up 2% against the USD for the year, Reuters wonders whether EGP’s “coronavirus immunity” could “wane.”
Still up 2% against the USD for the year, Reuters wonders whether EGP’s “coronavirus immunity” could “wane.” The EGP “has…
Mohamed Soliman steps down from COO position at PHD
MOVES- Palm Hills Development has accepted Mohamed Soliman’s resignation from his position as COO and his seat at the company’s…
Earnings watch: Juhayna profits rise 60% in 1Q2020
EARNINGS WATCH- Juhayna Food Industries’ consolidated net profit rose 60% y-o-y in 1Q2020 to EGP 113.6 mn, up from EGP…
FRA to review Sika Egypt’s MTO for Bitumode
M&A WATCH- Regulator to review Sika Egypt’s MTO for Bitumode: The Financial Regulatory Authority (FRA) has received and will begin…
EBRD, AfDB team up with Egyptian banks to finance 70% of Sixth of October dry port
EBRD, AfDB team up with local banks to finance 70% of Sixth of October dry port: The European Bank for…
Ezdehar seeks minority stake in Al Taisier Medical -sources
M&A WATCH- Ezdehar Egypt Mid-Cap Fund is looking to acquire a minority stake in Al Taisier Medical Holding Group, writes…
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