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EFG Hermes to manage Unionaire, Carbon Holdings IPOs in 2018
IPO WATCH- EFG Hermes to take Unionaire, Carbon Holdings public in 2018: EFG Hermes will reportedly manage the initial public…
Speed Round
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Court to allows partial implementation of Trump’s “Muslim ban”
Federal court allows partial implementation of Trump’s ‘Muslim ban’; Egypt is on the list: A federal appeals court yesterday allowed…
Cruise industry “booming” in Middle East
Cruise lines now see the Middle East as an attractive place to move their Europe fleets in the winter season,…
Suez Cement approves Helwan Cement merger, to sell up to 5% of Tourah Cement
The Suez Cement Company gave a preliminary nod yesterday to merging the Helwan Cement Company’s operations into its own, according…
Sarah Shabayek appointed new head of IR at TE
MOVES- Sarah Shabayek has left Arqaam Capital to join Telecom Egypt as head of investor relations, according to Bloomberg. Ziad…
Earnings Watch: TE 3Q earnings
EARNINGS WATCH- Telecom Egypt reported net profit growth of 16% y-o-y to EGP 1 bn in 3Q2017, up from EGP…
Elsewedy replaces OTMT on MSCI Global Small Cap Index
Elsewedy Electric replaced Orascom Telecom Media and Technology Holding on the MSCI Global Small Cap Index. The move is part…
USD 3.1 bn extended financial repo transactions carries same collateral
USD 3.1 bn extended financial repo transactions carries same collateral: The USD 3.1 bn expanded financial agreement with global banks…
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