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Small-cap listed firms in Egypt now allowed to call off sponsorship after one year
REGULATION WATCH- Nilex-listed SMEs are now allowed to terminate contracts with their sponsors after one year, provided they achieve the…
Shell, Total to export 30 natgas shipments from Egypt’s Idku in 2021
Shell and Total will export 30 shipments of natural gas from the Idku liquefaction plant in 2021, Youm7 reports, citing…
City Edge to launch specialized arms for development projects
City Edge to launch specialized arms for development projects: City Edge is looking to set up several subsidiaries focused on…
Siemens, Hassan Allam land new capital control center tender
Siemens, Hassan Allam beat State Grid, Huawei in new capital control center tender: A Siemens-Hassan Allam consortium has been awarded…
EETC settles EGP 1.6 bn cost-sharing bill increase with Benban solar companies
Benban solar developers get EGP 300 mn reduction in cost-sharing bill: Solar power developers operating at the Benban solar power…
Makkasa Sport chairman bids for Misr Lel Makkasa SC after resigning from post
M&A WATCH- Makkasa Sport chairman Amr Mostafa Kamel has reportedly made an offer to purchase 100% of Misr Lel Makkasa…
Premium Card, Sarwa Capital to launch consumer finance company in October
Premium Card and Sarwa Capital are launching a consumer finance joint venture this month, once Premium Card gets the greenlight…
IFC commits USD 25 mn in Lorax Capital's new SMEs private equity fund
PRIVATE EQUITY WATCH- The International Finance Corporation (IFC) has committed USD 25 mn to Lorax Capital’s SME-focused PE fund, LCP…
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