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Saudi Arabia to set up anti-corruption departments
Saudi to keep pressure on business community with anti-corruption units in prosecutors’ offices: Saudi Arabia will establish specialized departments in…
Cabinet refers Public Procurement Act, Traffic Act amendments to parliament
LEGISLATION WATCH- The Ismail cabinet has referred public procurement and traffic acts to the House of Representatives for a vote,…
Beltone Financial reports 200% top line growth in FY2017 on Auerbach Grayson acquisition
EARNINGS WATCH- Beltone Financial reported a net income after minority of EGP 9 mn in FY2017, down from EGP 44…
Samsung Next acquires 100% stake in Egyptian AI startup Kngine
M&A WATCH- Samsung Electronics affiliate Samsung Next has acquired 100% of Egyptian artificial intelligence startup Kngine to improve its virtual…
MENA to see busy IPO, M&A year, JP Morgan expects
M&A and IPOs will drive Middle East transactions this year, JPMorgan Chase & Co expects, according to a Bloomberg report.…
Landmark Sabbour plans to IPO by year’s end, eyes dual listing on DFM
IPO WATCH- Landmark Sabbour is planning to list 25-30% of its shares on the EGX by year’s end and is…
Russian business delegation to visit Egypt this month to look into RIZ development
A Russian business delegation is expected to visit Egypt this month to look into developing the USD 7 bn Russian…
Eni sells 10% stake in Zohr to UAE’s Mubadala for USD 934 mn
Eni sells 10% stake in concession that is home to Zohr to UAE’s Mubadala for USD 934 mn: Eni has…
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