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Ismail Cabinet forms new Supreme Anti-Terrorism and Extremism Committee
The Ismail Cabinet agreed yesterday to form a new Supreme Anti-Terrorism and Extremism Committee, according to an official statement. The…
Speed Round
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Earnings watch: GlaxoSmithKline reports 9M2017 results
EARNINGS WATCH- GlaxoSmithKline’s local subsidiary reported 9M2017 consolidated net profits of EGP 235 mn, compared to net profits of EGP…
Tax Authority reportedly takes action to seize EGP 990 mn from GTH
Tax Authority reportedly takes action to seize EGP 990 mn from GTH: Global Telecom Holding (GTH) said it has received…
EFG’s Rx Healthcare fund receives USD 27 mn in investment -sources
INVESTMENT WATCH- EFG Hermes’ Rx Healthcare fund has managed to raise USD 27 mn, sources told Al Mal. The paper…
EKH submits Delta Insurance MTO for approval
M&A WATCH- Egypt Kuwait Holding (EKH) has placed a mandatory tender offer for 66.97% of Delta Insurance’s shares at EGP…
Finance Ministry to unveil details of state IPO program this month
IPO WATCH- The Finance Ministry will unveil the details of the state IPO program in the second half of January,…
CBE reserves grow to USD 37.02 bn in December
The central bank’s net international reserves grew to USD 37.02 bn at the end of December, the central bank announced…
CORRECTION: EFG Hermes tops brokerage league tables for January
CORRECTION- EFG Hermes topped the EGX’s brokerage league tables for December with a 15.55% market share, according to figures released…
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