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Dr. Oetker looks set to acquire Cook’s Industries in EGP 1 bn transaction
M&A WATCH- Dr. Oetker looks set to acquire Cook’s Industries in EGP 1 bn transaction: German food producer Dr. Oetker…
Speed Round
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Knock Mart completes acquisition of Dina Farms
EXCLUSIVE- Knock Mart completes acquisition of Dina Farms retail stores: Online grocery delivery specialist Knock Mart has completed the acquisition…
Qalaa plans to list multiple subsidiaries beginning 2H2019, ERC to start trial operations by November
IPO WATCH- Qalaa plans to list some of its subsidiaries on the EGX beginning 2H2019: Qalaa Holdings is planning to…
Banking Act will be ready in July
LEGISLATION WATCH- Banking Act will be ready in June: The Banking Act will be ready and presented to the Ismail…
Dana Gas reportedly reaches settlement agreement with sukuk holders
The UAE’s Dana Gas appears to have reached a settlement agreement with holders of its USD 700 mn sukuk. “A…
Expect ties with Russia to get a major shot in the arm this week
Expect ties with Russia to get a major shot in the arm this week: Foreign Minister Sameh Shoukry and Defense…
Cabinet agrees to allocate additional EGP 2.6 bn to healthcare in FY2018-19 from other ministries’ surplus
BUDGET WATCH- The Ismail Cabinet agreed to allocate an additional EGP 2.6 bn to the Health Ministry’s investment budget for…
Sky Light for Touristic Development looks to IPO
IPO WATCH- Sky Light for Touristic Development is meeting with EGX’s listing committee today to discuss IPO requirements, says Adel…
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