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Egypt’s FRA requires companies to extend GA invitations 21 days in advance
Publicly-traded companies’ boards of directors will need to provide no less than 21-days notice when inviting shareholders to general assembly…
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PM Madbouly issues new rules for industrial land allocations
Madbouly issues new rules for industrial land allocations: Prime Minister Moustafa Madbouly has outlined new guidelines for allocating state-owned industrial…
Egypt’s talking heads sing the praises of El Sisi’s public sector wage increases
President Abdel Fattah El Sisi’s decision to raise wages for civil servants dominated the airwaves last night. Hona Al Asema…
National Bank of Kuwait CEO Hassan steps down
MOVES- Yasser Ismail Hassan will step down as managing director of the National Bank of Kuwait effective from mid-May, Hassan…
Audi CEO Fayed steps down
MOVES- Mohamed Abbas Fayed (bio) has resigned as CEO and managing director of Bank Audi, effective end-April, Al Mal reports.…
GTH board approves rescheduling of USD 100 mn loan from majority shareholder
Global Telecom Holding’s (GTH) board of directors has approved a three-month extension on the maturity of a USD 100 mn…
Telecom Egypt reintroduces voluntary early retirement scheme to cut costs
Telecom Egypt has reintroduced its voluntary early retirement program, and is targeting enrolling 2,000 of its employees this year, the…
State-owned company, affiliates plan to purchase USD 10 mn Marsa Alam resort
State-owned Holding Company For Tourism and two of its subsidiaries are planning to purchase the privately-owned Carnelia Beach Resort in…
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