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Saudi to open up bourse foreign ownership limits
Saudi Arabia is pushing foreign ownership limits in its bourse past the 10% mark, Reuters reports. The country’s Capital Market…
Speed Round
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Emaar Properties to offer 20% stake
INVESTMENT WATCH- Per Bloomberg this morning: Dubai-listed Emaar Properties “will sell 20 percent of its real-estate development business, according to…
Cyprus to submit documents for EEZ to its north
This will not make Turkey happy: The Cypriot government is planning to submit coordinates regarding its exclusive economic zone (EEZ)…
House agrees to a third term of emergency rule
House agrees to a third term of emergency rule: The House of Representatives unanimously agreed yesterday to extend the state…
SME Development Authority in talks with EBRD, AFD for EGP 5 bn in financing + may start lending directly to mid-sized enterprises
SME Development Authority looking for EGP 5 bn in loans from international institutions: The SME Development Authority is in talks…
Orange Egypt Earnings
EARNINGS WATCH- Orange Egypt reported a consolidated net loss after tax of EGP 1.77 bn in 9M2017, down from EGP…
Juhayna Earnings
EARNINGS WATCH- Juhayna Food Industries reported a net profit of EGP 76 mn in 3Q2017, a 34% y-o-y increase over…
Allen & Overy named international law firm of the year, Matouk Bassiouny named Egypt’s best in IFLR Middle East awards
International Financial Law Review (IFLR) named Allen & Overy the international law firm of the year in its IFLR Middle…
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