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Cleopatra denies knowledge of Actis’ impending Creed Healthcare takeover
M&A WATCH- Cleopatra Hospitals Group (CHG) has said that it has no knowledge of an impending management takeover of the…
Emaar to pay El Nasr EGP 100 mn to settle dispute
DISPUTE WATCH- Emaar to pay El Nasr EGP 100 mn to settle dispute: Property developer Emaar Misr has agreed to…
Orascom Construction adds USD 935 mn of backlog in 2Q
Orascom Construction boosts backlog with USD 935 mn in new projects in 2Q2019: Orascom Construction has added USD 935 mn…
Egypt approves Energean’s takeover of Edison’s oil and gas assets in Egypt
M&A WATCH- Oil Ministry approves Energean’s acquisition of Edison’s Egypt oil and gas assets: Oil Minister Tarek El Molla has…
Egypt targets USD 700 mn of new investments in mining sector by 2030
The government wants to reel in USD 700 mn of new investments into the mining sector by 2030 and increase…
Draft Pensions Act sets social security rates for Egypt’s public and private sector employees
LEGISLATION WATCH- Employees will see 21% of their salaries go towards their pensions under the draft Social Security and Pensions…
Ezz Steel reports consolidated loss of EGP 1.28 bn in 1Q2019
EARNINGS WATCH- Ezz Steel has reported a consolidated net loss of EGP 1.28 bn in 1Q2019, compared to a EGP…
AfCFTA’s operational phase launched at AU summit
African Union launches African trade zone at Niger summit: The African Union (AU) formally launched the African Continental Trade Area…
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