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Egypt and UAE’s Emaar finally settle their Uptown Cairo beef
DISPUTE WATCH- Egypt and UAE’s Emaar have finally settled their beef over Uptown Cairo: Property developer Emaar Misr has signed…
Carrefour to invest EGP 500 mn in Egypt in 2020
INVESTMENT WATCH- Majid Al-Futtaim Group (MAF)’s Carrefour aims to invest around EGP 500 mn in Egypt next year opening three…
Cairo 3A to acquire majority stake in Pyramid Poultry in coming month -sources
M&A WATCH- Cairo 3A Poultry is close to buying a majority stake in Pyramid Poultry for EGP 500 mn, sources…
Egypt’s non-loan IMF program still “under consideration,” Maait tells Bloomberg
Non-loan IMF program still under consideration but nothing conclusive yet -Maait: Egypt is still looking at securing a non-loan program…
Egypt’s United Bank sale moving forward, Amer says
M&A WATCH- United Bank sale moving forward: The CBE has appointed one local and one foreign lead advisor on the…
Egypt cuts fuel prices for first time since 2016
Gov’t cuts fuel prices for first time since 2016: The government has revised down prices for all grades of fuel…
Egypt reduces natural gas prices for three types of factories
Gov’t announces long-awaited decision to lower natgas prices for industry, but only for a few sectors: A ministerial committee lowered…
Egypt’s non-oil business activity improves marginally in September, but remains in contraction territory
Non-oil business activity improves marginally in September, but remains in contraction territory: Egypt’s non-oil private sector continued to contract in…
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