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Unnamed UK fund makes USD 600 mn offer to buy Amoun
M&A WATCH- An unnamed UK-based fund has made overtures to acquire Egyptian pharma company Amoun from its embattled Canadian parent…
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Pharos Holdings to advise on up to five M&As in 2018
M&A WATCH- Pharos Holding expects to complete advisory on four or five M&A transactions and capital increases in 2018, head…
EGX boss expects healthy IPO pipeline in 2018
IPO WATCH- Healthy pipeline of IPOs for 2018, Farid says. Eight companies have reportedly begun procedures to list on the…
Remittances from Egyptian expats rise 5.8% y-o-y in November 2017
Remittances from Egyptians living abroad rose 5.8% y-o-y in November 2017 to USD 2.2 bn from USD 2.1 bn in…
Gov’t revises economic growth forecasts for FY2017-18
The Planning Ministry has revised Egypt’s economic growth figure for FY2017-18 to 5.3-5.5% from a previous 5-5.25%, Minister Hala El…
Railway ticket price hikes to be implemented over several phases
Railway ticket prices to rise in multiple jumps: The planned increase in railway ticket prices will be implemented in multiple…
Cabinet approves amendments to Unified Building Code, establishing EGP 300 mn investment company
The Ismail Cabinet approved establishing a company to supervise and manage the development of public freezones and investment complexes, Al…
World Bank’s MIGA to provide USD 102.6 mn in guarantees for six solar plants in Egypt
The World Bank’s Multilateral Investment Guarantee Agency (MIGA) is providing USD 102.6 mn in guarantees for six solar plants in…
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