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Gamal Abdel Azim appointed as new head of the customs authority
MOVES- Finance Minister Amr El Garhy appointed Gamal Abdel Azim as the new head of the Customs Authority, Al Masry…
Speed Round
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Sherif Ismail appoints Amir Nabil Ibrahim as new ECA head
MOVES- Prime Minister Sherif Ismail appointed Amir Nabil Ibrahim to head the Egyptian Competition Authority (ECA), Al Masry Al Youm…
Parliament subcommittee to study fixed power prices for lowest consumption brackets, education could get larger budget in FY2018-19
BUDGET WATCH- Parliament subcommittee to study fixed power prices for lowest consumption brackets: Electricity Minister Mohamed Shaker has reportedly agreed…
B Investments eyes several acquisition options as part of expansion plans
M&A WATCH- B Investments kicking tires on multiple opportunities: B Investments has taken “serious steps” towards acquiring a controlling stake…
Alta Semper Capital opens regional office in Cairo
London-based private equity firm Alta Semper Capital opened yesterday a new regional office in Cairo, according to an emailed statement.…
CI Capital reports net profit of EGP 81.9 mn
EARNINGS WATCH- CI Capital reported a net profit after tax and minority interest of EGP 81.9 mn in 1Q2018, up…
CIB posts record first quarter earnings
EARNINGS WATCH- CIB posts record first quarter earnings. Our friends at Egypt’s largest private-sector bank delivered a 17% y-o-y rise…
Qalaa considering increasing stake in ERC
Qalaa eying additional stake in Egyptian Refining Company: Qalaa Holdings announced yesterday that it is looking to increase its ownership…
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