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Pharos acquires short selling license
Pharos Securities Brokerage has been granted a license to practice short selling on the EGX by the Financial Regulatory Authority…
Egypt to receive first tranche of USD 1.2 bn Exim loan for railway project this month
Is the electric railway getting the first tranche of China Exim Bank’s USD 1.2 bn loan this month? The Export-Import…
Schneider Egypt inks settlement on overdue export subsidies
Schneider inks settlement on overdue export subsidies: Schneider Electric has signed an agreement with the government that should see it…
FrieslandCampina yet to make acquisition offer to buy cheesemaker Arab Diary
M&A WATCH- Arab Dairy waiting on FrieslandCampina to make an acquisition offer: Netherlands-based FrieslandCampina has completed due diligence to acquire…
Gov’t looking to reduce Egypt’s budget deficit to 5% within two years -Maait
The government is looking to reduce Egypt’s budget deficit to 5% within two years, which would bring it to a…
Egypt finishes initial draft of new income tax law
LEGISLATION WATCH- Initial draft of new income tax law ready: The Finance Ministry has completed incorporating suggestions from the business…
Thousands of Thomas Cook reservations in Egypt canceled as company goes bust
Thousands of Thomas Cook reservations in Egypt canceled as company goes bust: Egypt could lose thousands of tourists after British…
Gov’t committee close to finalizing incentives package for new listings on Egypt’s bourse
EXCLUSIVE- Gov’t committee close to finalizing package of incentives for new EGX listings: A government committee has been working to…
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