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Egypt’s AMN Industrial Investment acquires 7.7% of Pachin for EGP 39.93 mn
M&A WATCH- Egypt’s AMN Industrial Investment acquires 7.7% of Pachin for EGP 38.9 mn: AMN Industrial Investment has acquired 7.7%…
Equinor acquires additional stake in Scatec Solar
M&A WATCH- Norway’s Equinor has acquired an additional 5.2% stake in Norwegian solar power company Scatec Solar for USD 83.9…
Pressure from top Endeavour, Centamin shareholder to make merger work
M&A WATCH- Pressure from top Endeavour, Centamin shareholder to make merger work: A major shareholder in both Endeavour and Centamin…
Bolloré, Toyota and NYK sign a final contract to build a roll on roll off terminal at East Port Said
INVESTMENT WATCH- Toyota Tsusho-led consortium to build a USD 150 mn vehicle terminal in SCZone: The Suez Canal Economic Zone…
Egypt’s bourse completes reclassification of constituent industries
REGULATION WATCH- EGX completes reclassification of constituent industries, changing 42 companies’ industry classification: The EGX has completed its review of…
Euromoney sees Egypt’s risk profile among most improved
Euromoney sees Egypt’s risk profile among most improved: Egypt’s ranking in Euromoney’s global risk table has improved to 93 out…
Egypt records state budget deficit of 2.1% in 1Q2019-20
BUDGET WATCH- State records budget deficit of 2.1% in 1Q2019-20: The Finance Ministry’s latest fiscal performance report (pdf) showed a…
Enterprise poll: Central Bank of Egypt to keep rates on hold in final meeting of 2019
SURVEY- Economists expect CBE to keep rates on hold in final meeting of 2019: The Central Bank of Egypt (CBE)…
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