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Vodafone refuses to comment on STC acquisition talks
M&A WATCH- Vodafone won’t comment on STC acquisition talks: A senior Vodafone official yesterday refused to comment on reports that…
Egypt’s economy to grow at 5.8% in FY 2019-20 -poll
Egypt’s economic growth will accelerate to 5.8% in the current fiscal year, up from 5.6% in FY2018-2019, a Reuters poll…
Walid El Saadany leaves Otlob
MOVES- Walid El Saadany leaves Otlob: Online food delivery company Otlob has appointed Sofiène Marzouki (LinkedIn) as interim CEO after…
United Bank closes its first securitized bond issuance for MNHD
DEBT WATCH- United Bank closes securitized bond issuance for MNHD: The United Bank has closed a EGP 305 mn securitized…
FreshSource becomes Otlob’s first fresh food supplier
Online agriculture platform FreshSource has become Otlob’s first fresh food supplier, it announced in a statement (pdf). Established in 2019,…
Edita launches Molto Sandwiches
Edita Industries has launched its Molto Sandwich product with a retail price of EGP 4 per pack, according to a…
FinMin releases Egypt’s draft Unified Budget Act
LEGISLATION WATCH- FinMin releases draft Budget Act: The Finance Ministry has released the draft Unified Budget Act (pdf) and an…
Cabinet to begin discussing Public Enterprises Act changes next week
LEGISLATION WATCH- The Madbouly Cabinet will begin discussing the Public Enterprises Act amendments next week, Public Enterprises Minister Hisham Tawfik…
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