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Int’l tender for monorail — is Bombardier out?
Int’l tender for monorail — is Bombardier out? The Housing and Transport ministries have invited local and international companies to…
Speed Round
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OTMT official denies reports it is divesting from North Korea
What exactly is happening with Sawiris and North Korea? An official from Orascom Telecom Media and Technology Holding (OTMT) denied…
EFG Hermes advised Eagle on Egyptian Media Group acquisition
We got in touch with our friends at EFG Hermes yesterday who confirmed to us that EFG Hermes Investment Banking…
Mondi Paper Sales buys stake in Suez Bags, prepares MTO
M&A WATCH- Heidelberg Cement subsidiaries Suez Cement and Tourah Cement have signed agreements to sell their respective stakes of 53.32%…
AT Lease institutional offering 40.16x oversubscribed
IPO WATCH- The institutional offering tranche of Al Tawfeek Leasing Co. (AT Lease) shares was 40.16x oversubscribed for the 14.4…
IMF executive board signs off on USD 2 bn disbursement
IMF executive board signs off on USD 2 bn disbursement: The Executive Board of the IMF announced on Wednesday that…
Houthis fire another rocket at Riyadh
Another ballistic missile fired by Houthi rebels in Yemen targeting the Saudi Arabian capital of Riyadh was shot down on…
Financial Regulatory Authority warns against soliciting Bitcoin investments
Financial Regulatory Authority (FRA) Chairman Mohamed Omran warned against calls to invest in cryptocurrencies, describing such a move as “fraud”…
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