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FRA to complete market regs for short-selling next month
REGULATION WATCH- FRA to complete market regs for short-selling next month: The Financial Regulatory Authority finish regulations governing short-selling next…
Did the IFC just get into the collection agency business in Egypt?
Did the IFC just get into the collection agency business? We’re oversimplifying, but… The International Finance Corporation (IFC) and Omni…
Earnings watch: EKH, B Investments, TMG, TE report Q32018 results
EARNINGS WATCH- Investment company Egypt Kuwait Holding (EKH) saw its 3Q2018 revenues rise 37% y-o-y to USD 118.6 mn, the…
GB Auto aims to increase investments by 10-15% next year
INVESTMENT WATCH- GB Auto aims to hike capex by 10-15% next year: GB Auto is hiking its capex spending by…
FinMin, Trade Ministry deny plans to impose new 10-20% tax on Egypt’s car sales
FinMin, Trade Ministry deny plans to impose new 10-20% tax on car sales: Trade Ministry advisor Hossam Abdel Aziz deniedour…
Medhat Khalil said to seek up to EGP 800 mn in bank finance for Raya take-private bid
M&A WATCH- Medhat Khalil said to seek up to EGP 800 mn in bank finance for Raya take-private bid: Raya…
Thailand’s Indorama acquires 74% of bottle maker Medco Plast in EGP 843 mn transaction
M&A WATCH- Thailand’s Indorama acquires 74% of Medco Plast in EGP 843 mn transaction: Thailand’s Indorama Ventures bought 74% of…
EBRD says Egypt’s economy has seen “notable” decline in transparency of policymaking over past year, but gives us high marks on other key indicators
Egypt’s perceived transparency in government policymaking has “notably” declined over the past year, the EBRD said in its annual Transition…
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