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Parliament compromises on user data sharing in Ride-hailing Apps Act
LEGISLATION WATCH- Parliament compromises on user data sharing in Ride-hailing Apps Act: A House of Representatives subcommittee charged with reviewing…
Speed Round
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Raya teams up with Italy’s Piaggio to manufacture, assemble light transport vehicles in Egypt
INVESTMENT WATCH- Raya partners with Italy’s Piaggio on EGP 100 mn tuk-tuk assembly plant: Raya Advanced Manufacturing Company will develop…
Egypt will not be issuing anymore eurobonds this year
That’s it for eurobonds in 2018, says the Finance Ministry: Egypt will not be issuing any more eurobonds this year,…
Power prices could rise by as much as 45% in July for top-tier consumers -sources
Power prices could rise by as much as 45% in July for highest-bracket consumers: The Egyptian Electricity Utility and Consumer…
Gov’t to cut fuel subsidies, increase food subsidies in FY2018-19
BUDGET WATCH- More food subsidies, less spent on energy in FY2018-19: The government aims to reduce fuel subsidies by about…
Inflation at its lowest in almost two years
Annual headline inflation rates dropped to 13.3% in March from 14.4% a month earlier, according to CAPMAS. Core inflation fell…
MNHD explores possible merger or acquisition with SODIC
M&A WATCH- MNHD wants to open talks on merger with, or acquisition of, SODIC: The board of directors of Madinet…
Sahar El Damati resigns from Banque Misr
MOVES- Sahar El Damati has resigned from her position as Vice Chairman at Banque Misr. According to a copy of…
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