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Cabinet looks to resolve Simo privatization dispute under dispute resolution committee
The Madbouly Cabinet’s dispute resolution committee began last week looking into the six-year dispute over the unwinding of the privatization…
Other Business News of Note
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Other Business News of Note
Spain’s Mr Jeff laundry app sells 10 franchises in Egypt
Spanish laundry app company Mr Jeff has sold 10 franchises in Egypt since it began operations here several weeks ago,…
Egypt’s administrative court turns down gov’t appeal to bring back iron tariffs
The administrative court has turned down the Trade Ministry’s appeal to bring back the 15% import duty on iron billets,…
Pharos was exclusive sell-side advisor to Spinney’s in Investec acquisition
Pharos Investment Banking served as exclusive sell-side advisor to Spinney’s in the sale of a controlling stake in the supermarket…
Capmas: 9.7% y-o-y rise in non-Egyptians working in private sector, investment
The number of non-Egyptians working in the private sector and investment in Egypt increase 9.7% y-o-y in 2018, according to…
Attijariwafa Bank looking to set up EGP 150 mn insurance arm in Egypt
Attijariwafa Bank has submitted a license request to the Financial Regulatory Authority (FRA) to set up an insurance company in…
FRA issues new guidelines for takaful insurers switching to conventional policies
Mutual guarantee “takaful” insurance providers looking to make a switch to offering conventional insurance plans will now have to comply…
Madbouly, El Molla holds talk with Bechtel chairman on Egypt cooperation
Prime Minister Moustafa Madbouly and Oil Minister Tarek El Molla held talks yesterday with the chairman of Virginia-based construction outfit…
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