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Hassan Allam acquires controlling stake in German water treatment company
M&A WATCH- Hassan Allam buys majority stake in German water treatment company: Hassan Allam Holding B.V. has acquired a controlling…
The question on everyone’s lips: Where is the EGP heading?
ANALYSIS- The question on everyone’s lips as we ponder the kickoff of budget season at most companies after the summer…
Egypt’s non-oil business activity falls back into contraction territory in May
Non-oil business activity fell back into contraction territory in May: Non-oil business activity contracted in May after having expanded the…
Annual inflation increases to 14.1% in May
Inflation accelerates in May: Egypt’s annual headline inflation rose to 14.1% in May from 13% in April, the CBE said…
Civil service pension increases given preliminary approval by Egyptian parliament
LEGISLATION WATCH- House gives preliminary nod pension hikes for civil servants: The House of Representatives approved “in principle” a draft…
Swvl announces expansion into Nigeria in July
STARTUP WATCH- Swvl says it will expand into Nigeria in July: Egyptian transportation startup Swvl has announced that it is…
Raya’s manufacturing arm seeking licence to assemble electric cars
INVESTMENT WATCH- Raya’s manufacturing arm seeking licence to assemble electric cars: Raya Auto, a subsidiary of Medhat Khalil’s Raya Holding,…
GCC-Egyptian consortium looking to acquire Emisal Salts for at least EGP 700 mn
M&A WATCH- A bidding war for Emisal Salts? A consortium made up of Kuwait’s Al Madar Finance and Investment and…
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