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Americana minority shareholders ask FRA to file lawsuit against Alabbar
M&A WATCH- Americana’s minority shareholders ask FRA to compel MTO bid by Alabbar: Minority shareholders of Egyptian International Tourism Projects…
Al Canal Sugar signs EGP 1.2 bn, USD 100 mn bridge loan deal
Eastern Sugar Company has lined up bridge financing of EGP 1.2 bn and a further USD 100 mn for its…
Edita plans to invest EGP 450 mn in 2019
INVESTMENT WATCH- Edita plans to invest EGP 450 mn in 2019: Edita is planning to invest EGP 450 mn on…
Heliopolis Housing planning to list 32.25% stake by mid-2019
IPO WATCH- Heliopolis Housing planning to offer a 32.25% stake on the EGX by mid-2019: Heliopolis Company for Housing and…
Egypt announces Red Sea oil and gas bid rounds for 10 offshore blocks
The scramble to drill for oil and gas in the Red Sea just got underway: The South Valley Egyptian Petroleum…
Inflation back on the rise, throwing continued easing cycle to doubt
Inflation unexpectedly surges in February: Annual headline urban inflation accelerated to 14.4% in February compared to 12.7% in January, the…
Earnings Watch: SODIC, Ibnsina Pharma report 2018 results
EARNINGS WATCH- SODIC reported 37% y-o-y growth in its adjusted bottom line to EGP 815 mn in 2018, the company…
Egypt’s Bank of Alexandria taps Ziad Bahaa El Din as non-executive chairman
MOVES- Bank of Alexandria has appointed economist and former deputy prime minister Ziad Bahaa El Din as non-executive chairman, according…
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