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FAB restarts talks to acquire Bank Audi Egypt -sources
M&A WATCH- FAB revives talks to acquire Bank Audi Egypt: First Abu Dhabi Bank (FAB) is reportedly planning to re-enter…
Chairman of the Egyptian Resorts Company (ERC) Hussein Mohamed Abu Seada leaves group
MOVES- Chairman of the Egyptian Resorts Company (ERC) Hussein MohamedAbu Seada stepped down from his position at the company on…
Greece wants Turkey to end EastMed power play for dialogue to begin
Greece wants Turkey to end EastMed power play for dialogue to begin: Greece is demanding Turkey agree to certain “preconditions”…
1500-1600cc passenger cars not covered by EU zero-customs trade agreement
If you were hoping diesel cars would be included in the EU customs trade agreement, forget about it: Imports of…
Gov’t extends timeline to privatize electricity sector by two years
CABINET WATCH- Gov’t extends timeline to privatize electricity sector by two years: The Madbouly Cabinet has extended by two years…
Egyptian-Chinese consortium wins Ain Sokhna–Alamein high-speed rail contract
Egyptian-Chinese consortium wins Ain Sokhna-Alamein high-speed rail contract: An Egyptian-Chinese consortium has won a tender for the design, finance and…
Export Subsidy Fund to pay out EGP 400 mn in overdue subsidies in September
The Export Subsidy Fund will dole out EGP 400 mn in export subsidies this month after inking 35 new agreements…
EGX flags seven companies for possible delisting
EGX names seven companies on its D-list: The EGX has placed seven companies on its naughty list of stocks that…
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