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Cheiron, Pharos, Cairn move to second round of bidding for Shell Egypt onshore assets
Cheiron consortium moves to second round of bidding for Shell Egypt onshore assets: A consortium of Cheiron, Pharos Energy and…
Gov’t cuts Egypt’s fuel prices EGP 0.25 across the board
The government’s fuel pricing committee has cut the price of all fuel grades by EGP 0.25 per liter and has…
Egypt’s inflation dips slightly in March to 5.1%
Inflation dips slightly in March to 5.1%: Annual urban inflation cooled to 5.1% in March from 5.3% in February, according…
Egypt could earmark more funding for covid-19 fight
Egypt’s commitment to insulating the economy from the impact of covid-19 is “open-ended” and could go above the EGP 100…
Egypt’s AIH plans IPO of its non-bank financial services arms in 2021
IPO WATCH- AIH plans IPO of its NBFS arms in 2021: Arabia Investments Holding is planning to list its non-banking…
Cairo 3A completes due diligence and offers EGP 8.54 a share for Egyptian Starch & Glucose
M&A WATCH- Cairo 3A makes final offer for Egyptian Starch & Glucose at EGP 8.54/share: The three majority stakeholders in…
Dana Gas confirms its review of potential Egypt asset sale is behind schedule
M&A WATCH- Dana Gas confirms its review of potential Egypt asset sale is behind schedule: Dana Gas is still moving…
Gov’t grants 6-month debt, utilities payment holiday for tourism companies, hotels, airlines
CABINET WATCH- The Madbouly Cabinet approved yesterday a six-month debt and utilities payment holiday for tourism companies, hotels and private…
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