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Is Telecom Egypt serious about a Vodafone Egypt takeover?
M&A WATCH- Is Telecom Egypt serious about a Vodafone Egypt takeover? Telecom Egypt (TE) could be about to thwart Saudi…
Gov’t to relax restrictions on mass gatherings from Monday
Gov’t to relax restrictions on mass gatherings from Monday: Public wedding celebrations, funeral prayers, expos, and some sports and educational…
Bank Audi Egypt profits slide 7% in 2Q2020
EARNINGS WATCH- Bank Audi Egypt reported a 7% dip in net profits in 2Q2020 to EGP 650.8 mn, down from…
El Sisi ratifies amendments to Public Enterprise Act, law governing medical compensation
LEGISLATION WATCH- President Abdel Fattah El Sisi ratified amendments to the Public Enterprises Act, Masrawy reports, noting that the decision…
Egyptian esports team Anubis Gaming raises USD 300,000 seed
STARTUP WATCH- Egyptian esports teamAnubis Gaming raised an additional USD 100k from an unnamed regional ecommerce group last month, bringing…
Egypt imports 6.6 mn tonnes of wheat in 2020, GASC acquires 51% of imported wheat
State grain buyer GASC and private sector firms imported a combined 6.6 mn tonnes of wheat so far this year,…
FRA requires futures exchange company to separate CEO, MD, chairman
REGULATION WATCH- FRA requires futures exchange operating company to separate CEO, MD, chairman positions: The Financial Regulatory Authority (FRA) issued…
National Bank of Egypt taps Grant Thornton, Matouk Bassiouny to advise on Aman stake purchase
M&A WATCH- NBE taps Grant Thornton, Matouk Bassiouny to advise on Aman stake purchase: State-owned National Bank of Egypt (NBE)…
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