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Suez Canal revenues rise to USD 5.7 bn in 2018
Suez Canal revenues rose to USD 5.7 bn in 2018, up from USD 5.3 bn the previous year, according to…
Central Bank of Egypt approves Bank Audi request to begin due diligence on NBG
M&A WATCH- CBE greenlights Bank Audi due diligence on NBG: The central bank given Bank Audi the go-ahead to do…
Elsewedy Electric plans to get into desalination
Elsewedy Electric plans to get into desalination: Elsewedy Electricity has plans to begin developing desalination plants in Egypt, CEO Ahmed…
Orascom Construction adds USD 825 mn to its backlog in 4Q2018
Orascom Construction adds USD 825 mn to its backlog in 4Q2018: Our friends at Orascom Construction added USD 825 mn…
Egypt’s bourse changes criteria for EGX30 inclusion
REGULATION WATCH- EGX tweaks criteria for inclusion in the benchmark EGX30.The main change in the mechanism is in evaluating shares…
FinMin wants to impose stamp tax on social media ads of up to 20%
EXCLUSIVE- FinMin could impose stamp tax of up to 20% on social media ads: The Finance Ministry appears set to…
MENA banks are in for another difficult year
S&P expects Egyptian banks to lead the wider MENA region in loan growth this year despite sky-high interest rates. The…
Nader Ghabbour named GB Auto’s Vice-CEO
MOVES- Our friend Nader Ghabbour has been named deputy CEO of GB Auto, according to a bourse filing (pdf). Ghabbour,…
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