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Tawfik: HHD to IPO in 4Q2019 or seek help from strategic investors
IPO WATCH- Stake in Heliopolis Housing could be sold to a strategic investor: The Public Enterprises Ministry is working with…
CIB eyes expansion into Kenya
CIB eyes expansion into Kenya: CIB intends to enter the Kenyan market when it finds the right opportunity as part…
US-based investment fund to acquire Egypt’s United Bank within three months, says Amer
M&A WATCH- The acquisition of United Bank by a US-based investment fund should be complete within three months’ time, CBE…
Gov’t revises downwards FY2018-19 growth forecast to 5.6%
EXCLUSIVE- FinMin revises FY2018-2019 growth forecast to 5.6%: The Finance Ministry has revised downwards its growth forecast for FY2018-2019 to…
USD 3 bn in Chinese financing for Egypt as El Sisi deepens ties with China at Belt and Road Forum in Beijing
USD 3 bn in fresh financing for Egypt as El Sisi deepens ties with China at Belt and Road Forum…
Etisalat Misr reports EGP 3.5 bn in revenues for 1Q2019
EARNINGS WATCH- Etisalat Misr reported revenues of c.EGP 3.5 bn (AED 755.3 mn) for 1Q2019, a 16.7% increase compared to…
BdC’s Tarek Fayed joins UAB board
MOVES- Banque du Caire Chairman and CEO Tarek Fayed has been named to the Union of Arab Banks’ (UAB) board…
Sherif Kamel appointed AmCham Egypt president
MOVES- Management expert Sherif Kamel has been appointed president of the American Chamber of Commerce in Egypt for the next…
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