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Egyptian payments platform Fawry’s retail component 32.5% subscribed on third day
IPO WATCH- Fawry’s retail offering 32.5% subscribed o day three: The retail component of Fawry’s ongoing IPO was 32.5% subscribed…
Egypt Kuwait Holding closer to acquiring Emisal Salts
M&A WATCH- EKH closer to acquiring Emisal Salts: Egypt Kuwait Holding has reached an agreement with the National Bank of…
Mohamed Abdel Wahab tapped as new head of Egypt’s GAFI
MOVES- Prime Minister Moustafa Madbouly has tapped co-head of the General Authority for Investment (GAFI) and former Investment Ministry consultant…
FRA gives itself all regulatory power over industry in Insurance Act
LEGISLATION WATCH- Draft Insurance Act grants sweeping new powers to market regulator: The Financial Regulatory Authority (FRA) will be granted…
US’s CEVA looking to invest USD 2 bn in new capital medical complex
INVESTMENT WATCH- US’ CEVA looking to invest USD 2 bn in new capital medical complex: The US’ CEVA Animal Health…
Dana Gas confirms possible Egypt exit
Dana Gas confirms possible Egypt exit: Dana Gas is studying the possibility of selling its Egypt assets to focus on…
Cabinet approves final customs package for car makers
EXCLUSIVE- Cabinet approves final amendments on auto manufacturing incentives package: The Madbouly Cabinet has approved final amendments to the Customs…
BofA sees “mildly more flexible” USD / EGP rate on the horizon for Egypt
BofA sees “mildly more flexible” USD / EGP rate on the horizon: The USD / EGP rate could be “mildly…
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