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Nile Cotton Ginning investors looking to purchase 7.06% stake from worker’s union for EGP 183 mn
M&A WATCH- A group of investors in state-owned Nile Cotton Ginning want to buy out the company’s workers’ union, offering…
Egypt’s MNHD receives EGP 30 mn offer for its 98.4% stake in Nasr Utilities and Installations
M&A WATCH- MNHD receives EGP 30 mn offer for its 98.4% stake in Nasr Utilities and Installations: Madinet Nasr for…
CIRA dedicates 2.8 feddans in New Sohag to international school
INVESTMENT WATCH- CIRA to build international school on 2.8 feddans in New Sohag: Cairo for Investment and Real Estate Development…
Egypt signs EGP 4.3 bn Gulf of Suez wind power plant agreement with Vestas
INVESTMENT WATCH- Egypt, Vestas ink EGP 4.3 bn Gulf of Suez wind power plant agreement: The New and Renewable Energy…
Beltone to launch three NBFS firms next month, eyeing return to profitability
Beltone Financial Holding will set up three new non-banking financial companies in September in a bid to return to profitability,…
Egypt to revoke tax exemptions for some institutions that invest in gov’t debt
Finance ministry is closing a tax loophole that gives a break to some state institutions and insurers that invest in…
Arabia Investments Holding profits up 47% in 2Q2020
EARNINGS WATCH- AIH profits up 47% in 2Q2020: Arabia Investments Holding’s (AIH) net profits rose 47% to EGP 14 mn…
Moves: Prime Fintech board members
MOVES- Prime Fintech has a board of directors: Shireen Alkady (LinkedIn) has been tapped as executive chairman of the board…
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