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Egypt’s passenger car sales rise in January for the first time in 10 months
Passenger car sales rose 10% y-o-y in January for the first time after 10 consecutive months of declines, according to…
Banking Act receives committee-level approval at Egypt’s parliament
Most banks are ready for the Banking Act’s new capital requirements: Around 70% of banks operating in Egypt currently meet…
Egypt’s ECHEM planning EGP 1 bn sukuk issuance
DEBT WATCH- ECHEM planning EGP 1 bn sukuk issuance: The Egyptian Petrochemicals Holding Company (ECHEM) is considering issuing EGP 1…
Export Subsidy Fund begins paying out EGP 1 bn in arrears
Export Subsidy Fund begins paying out EGP 1 bn in arrears: The state-run Export Subsidy Fund on Tuesday began dispensing…
CBE writes off EGP 17.4 bn in debt for financially distressed firms
CBE writes off EGP 17.4 bn in debt for financially distressed firms: More than 200 companies have had a portion…
Qalaa hires Grant Thornton for TAQA Arabia fair value study
IPO WATCH- Qalaa hires Grant Thornton for TAQA Arabia fair value study: Qalaa Holdings has hired audit and advisory firm…
Orascom, Obour Land, MM Group and EG Kuwait Holding Co. are lining up for stock buybacks
Orascom, Obour Land, Raya, MM Group and EKH jump on the stock buybacks wagon: Orascom Development Egypt (ODE), Raya Holding,…
STC begins Vodafone Egypt due diligence
M&A WATCH- STC begins Vodafone Egypt due diligence: Saudi Telecom (STC) has begun doing due diligence on Vodafone Egypt ahead…
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