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Emerald private placement, public offering to get underway this week
IPO WATCH- Emerald to kick off Egypt’s first (small) IPO of 2020 this week: The Financial Regulatory Authority (FRA) has…
Telecom Egypt receives three offers to advise on STC Vodafone MTO
M&A WATCH- EFG Hermes, CI Capital, HSBC and Citibank are in the running to advise TE on STC’s Vodafone MTO:…
No official bids yet for for 10% stake in HHD + management
PRIVATIZATION WATCH- No official bids yet for for 10% stake in HHD + management: Heliopolis Housing and Development (HHD) is…
Egypt’s new Consumer Credit Act to receive final vote soon
LEGISLATION WATCH- Consumer Credit Act cleared for final vote; House working through a busy legislative agenda: The House of Representatives…
Is Ahli United Bank looking to sell its Egypt unit?
M&A WATCH- Is Ahli United Bank looking to sell its Egypt unit? Ahli United Bank could be looking to sell…
Fuel delivery app Cafu to launch in Egypt
STARTUP WATCH: Fuel delivery app Cafu is coming to Egypt: Dubai-based fuel delivery app Cafu will soon enter the Egyptian…
Egypt settles export subsidies with 32 companies in exchange for new investment
Gov’t settles export subsidies with 32 companies in exchange for new investment: Agreements signed by the trade and finance ministers…
Egypt’s foreign reserves remain flat in January
Foreign reserves remained essentially flat at USD 45.45 bn In January, up from USD 45.42 bn in December, according to…
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