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Retail offering of CI Capital IPO was 29.45x oversubscribed
IPO WATCH- The retail offering tranche of CI Capital’s IPO on the Egyptian Exchange was 29.45x oversubscribed traders said, according…
Speed Round
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Abraaj exits CIRA
M&A WATCH- Abraaj exits education company CIRA: Emerging markets private equity giant Abraaj has reportedly sold its 35% stake in…
Finance Ministry plans digital revamp of tax filing system, aims to clamp down on bogus receipts in bid to bolster state revenues
EXCLUSIVE- Finance Ministry plans digital revamp of tax filing system, aims to clamp down on bogus receipts in bid to…
Finance Ministry expects inflation rate to rise in July
EXCLUSIVE- Finance Ministry expects inflation to “slightly” and temporarily rise in July: The inflation rate could increase fractionally in July…
Smart people wanted
*** SMART PEOPLE WANTED. We’re hiring at both Enterprise and at our parent company, Inktank. We’re looking for critical thinkers…
Juhayna reports 39% y-o-y net profit jump in 1Q2018
EARNINGS WATCH- Dairy products maker Juhayna Food Industries reported a 39% y-o-y jump in net profits to EGP 81 mn…
AccorHotels names Frank Naboulsi as new regional VP for luxury brands in Egypt
MOVES- AccorHotels has appointed Frank Naboulsi as the hotel management group’s new regional Vice President for luxury brands in Egypt,…
Rotana to open second five-star hotel in Egypt
The UAE’s Rotana Hotel Management Corporation is launching a new 200-room five-star hotel in New Cairo, 4 Hoteliers reports. According…
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