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Qalaa to list shares of TAQA Arabia and the parent company of ERC before end of 2019 as part of five-year IPO program
IPO WATCH- Qalaa to list shares of TAQA Arabia and the parent company of ERC before end of 2019 as…
Speed Round
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Mohamed Abdel Kader appointed head of Citigroup’s Egypt country officer
MOVES- Mohamed Abdel Kader has been appointed as Citigroup’s Egypt country officer, Reuters reports. Abdel Kader “has been serving as…
Tenders and Auctions Act gets renamed as Public Contracts Act after receiving preliminary nod from Parliament’s general assembly
LEGISLATION WATCH- Tenders and Auctions Act gets renamed as Public Contracts Act, gets preliminary nod from House GA: Parliament preliminarily…
Parliament signs off on Customs Act amendments
LEGISLATION WATCH- Parliament signs off on amendments to Customs Act: The House of Representatives approved yesterday amendments to the Customs…
Gov’t working on new law to regulate e-commerce
LEGISLATION WATCH- Proposed law will regulate e-commerce: As we suggested last month would be the case, the Madbouly government is…
Cargill, ADM formally launch soybean JV, SoyVen
INVESTMENT WATCH- Cargill and Archer Daniels Midland (ADM) have formally launched their joint venture, SoyVen, which will own and operate…
EGX-listed companies rush to declare “we have no ties to Abraaj”
EGX-listed companies rush to declare “we have no ties to Abraaj”: In a string of some 73 disclosures last week,…
Egypt plans to pay USD 200-500 mn in arrears to oil producers by end-September. Will small players get any of it?
Egypt to pay USD 200-500 mn in arrears to oil companies by the end of September: EGPC plans on paying…
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