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Elves closes USD 2 mn round, Abraaj launches Bakery and more at Riseup
Elves closes USD 2 mn seed round, Abraaj launches Bakery and more at Riseup: A number of very interesting news…
Speed Round
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Mayar Holding sees “big opportunities” in Egypt
INVESTMENT WATCH- KSA’s Mayar Holding sees “big opportunities” in Egypt: Saudi Arabian elevator and escalator manufacturer Mayar Holding is eyeing…
Arqaam announces closing sale of stake in Orchidia to EAEF
M&A WATCH- Arqaam Capital announced closing the sale of a stake in Orchidia Pharma to the Egyptian American Enterprise Fund…
Ibnsina to allocate EGP 250 mn from IPO to capital increase, plans to invest EGP 700 mn in five years
IPO WATCH- Ibnsina Pharma will allocate EGP 280 mn of the proceeds from its EGP 1.56 bn IPO towards a…
Gov’t begins procedures to issue USD 3-4 bn in eurobonds in January
The Ismail government has begun procedures to issue USD 3-4 bn in USD-denominated eurobonds in January 2018, Finance Minister Amr…
PMI rises for the first time in 25 months
Non-oil private sector returns to growth: November’s PMI reading recorded a rise for the first time in 25 months, registering…
NI Capital says 30 companies considered for listing, final number to depend on specific factors
BRIEFLY NOTED- NI Capital got in touch with us yesterday to clarify news reported in the domestic press about potential…
AU to launch rescue operation to save up to 700k migrants
Things are not looking good for our unstable neighbor to the west, as the African Unionlaunched a “rescue operation” to…
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