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Zohr natgas output to surpass 3 bcf/d this month
Zohr natgas production to exceed 3 bcf/d this month: Production from the 13 wells at the giant Zohr natural gas…
Egypt’s House committee moves to ensure new customs law fulfills its promise
LEGISLATION WATCH- House committee to consult on speeding up customs clearance: The House of Representatives’ Budget Committee will consult with…
RX Health Care Fund to acquire 80-85% of United Pharma
M&A WATCH- Is a United Pharma acquisition finally going to materialize? EFG Hermes-owned RX Health Care Fund is expected to…
HDD receives three bids in sale of 10% stake, management rights
Three bidders for 10% stake + management rights to Heliopolis Housing and Development. Three unnamed companies have submitted bids to…
FinMin approves plan to kill capital gains tax on EGX trades, cut stamp tax by a third
FinMin approves plan to kill capital gains tax on EGX trades, cut stamp tax by a third: The Finance Ministry…
IMF downgrades expectations for 2019 global growth amid “synchronized slowdown”
IMF downgrades 2019 global growth outlook to 3%: The global economy is in a “synchronized slowdown,” IMF Chief Economist Gita…
Azimut are not establishing a private equity fund
CORRECTION- We reported yesterday that Azimut is looking to establish an Egypt-focused private equity fund. It is in fact setting…
Emirates NBD Egypt appoints new CEO
MOVES- Emirates NBD Egypt has appointed Mohamed Zakout as CEO for retail banking, Al Mal reported. Zakout has 27 years…
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