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Proposed amendments to Egypt’s sovereign fund law get House committee nod
LEGISLATION WATCH- House mulls tax breaks for companies owned by Sovereign Fund of Egypt: The House Planning and Budget Committee…
Fertilizers producer Evergrow mulls offering 30% stake
IPO WATCH- EvergrowFor Speciality Fertilizers is planning to sell a 30% stake in an IPO on the EGX by no…
Raya receives a bid for 31% stake in its transport arm
M&A WATCH- Raya receives a bid for 31% stake in its transport arm: Raya Holding has received a EGP 133…
Egypt’s post-loan IMF structural reform agreement will tackle bureaucracy, says Amer
Egypt’s post-loan IMF structural reform agreement will tackle bureaucracy, says Amer: Egypt is still in talks with the IMF over…
Egypt to launch international gold exploration tender by the beginning of March
Egypt to launch international gold exploration tender by the beginning of March: The government will launch an international gold exploration…
Bechtel, ECHEM ink USD 6.7 bn petrochem agreement
ECHEM inks agreement with Bechtel for USD 6.7 bn petchem, refinery complex: The Egyptian Petrochemicals Holding Company (ECHEM) yesterday signed…
Samih Sawiris becomes ODH interim executive chairman
MOVES- Samih Sawiris has assumed the role of executive chairman at Orascom Development Holding, Reuters reports. Sawiris will be assisted…
Juhayna profits fall 19% in 2019
EARNINGS WATCH- Juhayna profits fall 19% in 2019: Juhayna Food Industries’ profits fell 19% last year despite the company seeing…
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