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Zarou plans USD 1 bn investment in energy projects
INVESTMENT WATCH- Zarou plans USD 1 bn investment in energy: Blackstone Group’s energy developer, Zarou, will invest USD 1 bn…
In line with consensus, Central Bank of Egypt leaves rates on hold in August meeting
CBE leaves rates on hold, in line with expectations: The Central Bank of Egypt (CBE) left interest rates unchanged for…
Moves: Court of Cassation, TPay Mobile, Prime Holding
MOVES- Judge Abdallah Shoda was sworn in yesterday before President Abdel Fattah El Sisi as the new head of the…
Earnings watch: Sodic, GB Auto, Sarwa Capital report 2Q2020 results
EARNINGS WATCH- Sodic’s net profits fell 77% to EGP 40 mn in 2Q2020 fromEGP 175 mn during the same period…
Cabinet approves significantly tougher penalties for insulting gov’t employees
CABINET WATCH- Tougher (and more expensive) penalties for insulting state employees on duty under legislative changes to penal code: The…
El Nasr gives Odin Investments green light to start due diligence
M&A WATCH- El Nasr gives Odin Investments green light to start due diligence: El Nasr Civil Works’ board of directors…
Banque Misr raises its stake in CI Capital to 15.12%
M&A WATCH- Banque Misr has increased its stake in CI Capital Holding to 15.12% from 13.72%, according to a disclosure…
EBRD extends further USD 100 mn for trade facilitation in Egypt
DEBT WATCH- EBRD extends another USD 100 mn for trade finance through Banque Misr: The European Bank for Reconstruction and…
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