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MCDR appoints CEO Mohamed Abdel Salam non-executive chairman
MOVES- Longtime Misr for Central Clearing, Depository and Registry (MCDR) boss Mohamed Abdel Salam has become non-executive chairman of the…
Earnings watch: Apicorp profits rise 17% in 2019
EARNINGS WATCH- Apicorp net profits rise 17% in 2019: Multilateral development bank Arab Petroleum Investments Corporation’s (Apicorp) annual profits rose…
FinMin halves downpayment to unlock assets, file tax settlements
FinMin halves down payment requirement to unlock assets, file tax settlements: Businesses will only have to pay a 5% downpayment…
FRA approves Alexandria Development’s purchase of 1.28% of Alexandria Portland Cement
M&A WATCH- Market regulator accepts Alexandria Development’s MTO for 1.28% of Alexandria Portland Cement: The Financial Regulatory Authority (FRA) has…
Premium International closes EGP 172 mn securitized bond sale
DEBT WATCH- Premium Int’l closes EGP 172 mn securitized bond sale: Premium International for Credit Services has completed a EGP…
Samih Sawiris brings his stake in Germany’s FTI Group to 51%
M&A WATCH- Samih Sawiris ups his stake in Germany’s FTI to become majority shareholder: Orascom Development Holding Chairman Samih Sawiris…
Police raid in Egypt’s Al Amiriya leaves one policeman, seven terrorists dead
Police raid in Cairo’s Al Amiriya leaves seven alleged terrorists, one member of the police service dead: Security forces killed…
The coronavirus will trigger the worst global recession since the Great Depression; in MENA, only Egypt’s economy will grow this year –IMF
The coronavirus will trigger the worst global recession since the Great Depression, the IMF predicts: The world is facing its…
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