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Bank Audi mulls acquisition of National Bank of Greece branches in Egypt
M&A WATCH- Bank Audi mulls acquisition of National Bank of Greece branches in Egypt: Bank Audi is considering an offer…
Cairo 3A in talks to acquire Pyramid Poultry
M&A Watch- Cairo 3A in talks to acquire Pyramid Poultry: Agricultural commodity trader and manufacturer Cairo 3A is in talks…
Qalaa signs MoU with Qatar Petroleum to raise its stake in Egyptian Refining Company
M&A WATCH- Qalaa inks MoU to raise stake in key subsidiary Egyptian Refining Company: Qalaa Holdings has signed an MoU…
Gov’t considers jumpstarting privatization program in March
EXCLUSIVE- Gov’t considers jumpstarting privatization program in March: The government committee tasked with managing the state privatization program is considering…
Earnings watch: Egypt’s QNB Al Ahli reports net profit of EGP 7.2 bn in FY 2018
EARNINGS WATCH- QNB Al Ahli reported a net profit of EGP 7.20 bn in FY2018, up 30% y-o-y from EGP…
New president of Industrial Development Authority
MOVES- Magdy Ghazi was appointed the acting head of the Industrial Development Authority (IDA) by decree of the Madbouly Cabinet,…
Egypt’s officials required to obtain president approval for high-rank diplo missions
High-ranking officials need presidential sign-off on diplomatic missions: President Abdel Fattah El Sisi announced yesterday that senior officials embarking on…
Israel, Egypt in early talks to build new natgas pipeline
Egypt and Israel are in early talks to build a new underwater natural gas pipeline, on which construction could begin…
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