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Egypt signs USD 4.5 bn agreement for monorails to Giza and new capital
Orascom’s long awaited USD 4.5 bn monorail agreement finalized: A consortium of Bombardier Transportation, Orascom Construction and Arab Contractors signed…
EBRD considers buying 20% of Alexandria Container’s offering
IPO WATCH- EBRD could snag 20% of shares offered in ACCH stake sale: The European Bank for Reconstruction and Development…
Fawry IPO’s retail offering 30x oversubscribed
IPO WATCH- Fawry’s retail offering oversubscribed 30x: E-payments platform Fawry successfully completed the book-building process for its initial public offering,…
Egypt’s non-oil business activity grows in July after two months of contraction
Non-oil business activity grows in July after two months of contraction: A slight growth in output and new orders in…
Cairo explosion caused by terrorist car bomb -Interior Ministry
Cairo explosion caused by terrorist car bomb -Interior Ministry: Sunday’s deadly explosion outside the National Cancer Institute in Downtown Cairo…
Cairo Chamber of Commerce gets new president, Custom Authority boss’s appointment extended
MOVES- The Cairo Chamber of Commerce (CCC) has appointed Ibrahim El Araby as its new president and Aly Shokry and…
Sarwa Capital’s net income rises 24% to EGP 183 mn
EARNINGS WATCH- Sarwa Capital profits rise 24% in 1H2019: Sarwa Capital posted a net profit of EGP 183 mn in…
State commissioners back decision for 15% import duty on iron billets
DISPUTE WATCH- Gov’t gets backing on decision for import duty on iron billets: The Board of State Commissioners (BSC) has…
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