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MPs slam economic reform program during Madbouly’s House statement
Prime minister’s statement to the House yesterday did little to dampen MPs’ criticism of government economic policy. The House of…
Gov’t proposes amendments to penal code to protect state-owned land against violations
LEGISLATION WATCH- Gov’t moves to tighten punishment for abusing state-owned land, trespassing: The House of Representatives gave a preliminary nod…
IMF accused of “reckless lending” to high-debt countries, including Egypt
IMF accused of “reckless lending” to high-debt countries, including Egypt: The IMF has disbursed some USD 93 bn in financing…
E-learning platform Al Mentor raises USD 4.5 mn in Series A funding led by Sawari Ventures
STARTUP WATCH- Dubai-based e-learning platform Al Mentor has raised USD 4.5 mn in a series A funding round led by…
Lorax Capital to launch USD 250 mn SME PE fund
Lorax Capital to launch USD 250 mn private equity fund: The Egyptian American Enterprise Fund’s (EAEF) Lorax Capital Partners plans…
Orascom Construction adds USD 1.3 bn in new awards to backlog in 3Q 2019
Orascom Construction has added USD 1.3 bn to its backlog in 3Q2019, up 30% compared to a year earlier, the…
United Oil & Gas’ acquisition of Rockhopper Egypt on track to close by 4Q2019
M&A WATCH- United Oil & Gas’ acquisition of Rockhopper Egypt “progressing well”: Rockhopper Exploration’s sale of its Egypt business to…
Gov’t to offer stakes in ACCH and Abu Qir in 4Q2019 -Tawfik
IPO WATCH- Gov’t to offer ACCH, Abu Qir stakes before end of the year -Tawfik: The government will offer stakes…
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