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Draft SMEs Act gets early nod from House committee
LEGISLATION WATCH- Draft SMEs Act gets early nod from House committee: The proposed SMEs Act, which would provide tax and…
Speed Round
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T-bill yields fall slightly in first auction after rate cut
T-bill yields fall slightly in first auction after rate cut: Yields on three-month and nine-month treasury bills fell yesterday in…
Ezz Dekheila Steel acquires Ezz Flat Steel in a USD 356.07 mn transaction
M&A WATCH- Ezz Dekheila Steel acquires Ezz Flat Steel in a USD 356.07 mn transaction: Ezz Steel divested its full…
Americana Egypt minority shareholders turn down Adeptio's offer price
M&A WATCH- Americana minority shareholders turn down Adeptio's offer price: Minority shareholders in the Egyptian International Tourism Projects Company (Americana)…
EKH’s Emisal Salts acquisition bid stalls on lackluster tender offer
M&A WATCH- EKH’s bid to acquire a majority stake in Emisal Salts looks stalled: Egypt Kuwait Holding’s (EKH) acquisition of…
Speed Medical to invest EGP 160 mn in 2020
INVESTMENT WATCH- Egyptian healthcare company Speed Medical to invest EGP 160 mn in 2020: Speed Medical aims to invest EGP…
FRA prepares for launching short selling by the end of this year
FRA holds consultations to prepare for introduction of short selling by the end of this year: The Financial Regulatory Authority’s…
FinMin issues guidelines for state bodies' standalone budgets for FY2020-2021
BUDGET WATCH- FinMin issues guidelines for state bodies' budgets for FY2020-2021 ahead of drafting full budget: The Finance Ministry has…
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