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Ahead of a probable IPO this year, state firm Enppi announces strong revenue growth
IPO WATCH- Enppi, the state-owned EPC contractor serving the oil and gas industry, saw revenues grow 72% y-o-y in FY2017…
Speed Round
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CI Capital announces indicative price range of EGP 7.29-8.26 per share
IPO WATCH- CI Capital has priced its initial public offering on the Egyptian Exchange at EGP 7.29-8.26 per share, according…
Gov’t nominates 100 companies to work with Rosatom on Dabaa power plant
The government has compiled a list of 100 Egyptian companies it will qualify to work on the USD 30 bn…
El Sisi signs off on new railway act, penal code amendments as House kicks off talks on Unified Planning Act
LEGISLATION WATCH- New Railway Act now in effect: President Abdel Fattah El Sisi signed into law yesterday amendments to the…
Orange Egypt appoints Marwa El Ayouti as CFO
MOVES- Vodafone Egypt’s CFO has crossed the street to Orange. Marwa El Ayouti (LinkedIn) has joined Orange Egypt as chief…
TE says it is still seeking an EGP 13 bn facility, denies it has been pulled by banks
TE says it is still seeking an EGP 13 bn facility. Telecom Egypt (TE) denied reports that a syndicate of…
Veon withdraws mandatory offer to purchase remaining stake of Global Telecom
M&A WATCH- Veon withdraws EGP 15 bn bid for Global Telecom: Amsterdam-based Veon Holdings withdrew a mandatory offer to purchase…
Saudi Arabia lifts ban on Egyptian guava imports
Saudi Arabia has lifted its ban on Egyptian guava imports, the Saudi Food and Drug Authority (SFDA) announced yesterday. That…
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