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ACA arrests Menoufia Governor on charges of corruption
The Administrative Control Authority (ACA) has arrested Menoufia Governor Hisham Abdel Basset on charges of corruption and graft. According to…
Speed Round
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We’re coming close to an announcement of El Sisi’s presidential reelection campaign
We’re coming close to an announcement of El Sisi’s presidential reelection campaign: President Abdel Fattah El Sisi will hold a…
Some banks looking to exit investments, tweak capital structures to meet Basel III requirements?
A number of Egyptian banks are looking to tweak their capital structures to comply with Basel III regulations. Banque Misr,…
Savola plans to increase investments in Egypt
INVESTMENT WATCH- Saudi Arabia’s Savola Group is planning to increase its investments in Egypt over the coming period to keep…
Negotiations with Siemens over 2 GW wind project stalled again due to FiT disagreements
Meanwhile, negotiations between Siemens and the Electricity Ministry over a 2 GW wind farm have again come to a grinding…
Masdar looking to develop 800 MW of wind power projects in Egypt
INVESTMENT WATCH- UAE clean energy firm Masdar is eyeing opportunities in “the burgeoning Egyptian wind sector,” CEO Mohamed Al Ramahi…
National Investment Bank could sell stakes of 9-11 of its holdings on the EGX
IPO WATCH- The National Investment Bank could list as many as 9-11 of its holdings on the EGX, informed sources…
Investors, analysts tell CNBC that all is well with Egypt after reforms
Investors, analysts tell CNBC that all is well with Egypt after reforms: Fresh after a continued wave of positive economic…
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