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Careem enters talks with banks for potential IPO
IPO WATCH- Careem is in early talks with investment banks about a potential IPO, said people familiar with the matter.…
Cleopatra submits MTO for 100% of Nozha International Hospital
M&A WATCH- Cleopatra submits MTO for 100% of Nozha International Hospital: Cleopatra Hospitals Group has filed for Financial Regulatory Authority…
Marubeni teams up with Masdar, Elsewedy to invest USD 900 mn in Egyptian wind parks
INVESTMENT WATCH- Marubeni teams up with Masdar, Elsewedy to invest USD 900 mn in Egyptian wind parks: Japan’s Marubeni Corp.…
IMF advises Middle East to cut back on public wages bill
The IMF is advising Middle Eastern countries to work on cutting their public wage bills as “attempts to contain unemployment…
Awqaf sells EGP 404.9 mn worth of shares in bank
Freeing up liquidity? The Religious Endowments Authority sold a stake worth EGP 404.9 mn in the Housing and Development Bank,…
E-commerce platforms embrace regulation in Egypt?
E-commerce platforms embrace regulation in Egypt: Some of the largest e-commerce platforms operating in Egypt, among them Jumia and Amazon…
ICC orders Damietta Ports to pay Doosan USD 74 mn
Damietta Ports lasts USD 74 mn international arbitration case: The International Court of Arbitration has ordered the Damietta International Ports…
Tourism Ministry abandons plan to stipulate minimum rates for hotels.
The Tourism Ministry appears to have abandoned plans to set a minimum charge of per night for hotel rooms in…
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