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Heliopolis Housing amends mission statement to carry out new development plan
PRIVATIZATION WATCH- State-owned Heliopolis for Housing and Development (HHD) submitted a request to the EGX to amend its mission statement…
Cement oversupply crisis could force six producers out of Egypt by 2021
Supply glut could push six cement producers out of Egypt by next year, Lafarge boss says: As many as six…
Ib Vogt sells Benban solar plant
M&A WATCH- Ib Vogt sells one of its Benban plants to Masdar, looks to offload three more: Germany solar company…
Bahrain's Ahli United Bank submits offer to buyout Egypt unit
WATCH THIS SPACE- Bahrain’s Ahli United Bank is seeking 100% ownership of its Egypt unit, with the Financial Regulatory Authority…
RenCap sees muted consumer demand keeping inflation below CBE target this year
RenCap sees muted consumer demand keeping inflation below CBE target this year: Inflation in Egypt should close out 2020 just…
EFG Hermes, Egypt’s sovereign fund to finalize AIB takeover this year
M&A WATCH- EFG Hermes, SFE to finalize AIB acquisition this year: EFG Hermes and the Sovereign Fund of Egypt (SFE)…
OIH reports EGP 49.9 mn loss in 2Q2020
EARNINGS WATCH- Orascom Investment Holding (OIH) reported a EGP 49.9 mn loss in 2Q2020 after making a EGP 74.6 mn…
Egypt’s commodities exchange could be expanded to include gold, steel, cotton
Gold, steel, and cotton could eventually be on the menu for Egypt’s commodities exchange: The new Egyptian Commodities Exchange (Egycomex)…
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