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Helwan Cement signs off white plant sale
M&A WATCH- Helwan Cement EGM signs off its white plant sale: The extraordinary general assembly of the Helwan Cement has…
Speed Round
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Egypt FX reserves reach USD 44.501 bn at end-October
Egypt’s net foreign reserves rose marginally to USD 44.501 bn at the end of October, up from USD 44.459 bn…
Oil Ministry is in talks with UGS to reduce Egypt’s USD 2 bn settlement payment over Damietta gas supply interruptions
The Oil Ministry is in talks with Spanish-Italian JV Union Fenosa Gas (UGS) to reduce a USD 2 bn settlement…
Israel may struggle to deliver gas to Egypt in contracted volume
Israel may struggle to deliver gas to Egypt in contracted volume. Israel’s domestic pipeline network reportedly does not have the…
OC adds USD 520 mn in new awards to its 3Q2018 backlog, with 60% coming from Egypt
Orascom Construction (OC) added USD 520 mn in new awards to its 3Q2018 backlog, the company said in a statement…
Matouk Bassiouny expands to the UAE
Matouk Bassiouny expands to the UAE: Law firm Matouk Bassiouny has officially opened up shop in Dubaiunder the banner Matouk,…
HC launches PE firm in Egypt
HC launches private equity arm: HC Securities & Investment launched on Monday a private equity arm that will invest in…
Egypt’s Beltone cancels upcoming EGP 1 bn capital increase
Beltone puts capital increase on ice amid fallout from suspension of investment banking arm: Beltone Financial Holding has said it…
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