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Intro Group reportedly acquires 50% of TBS
M&A WATCH- The Abbas family’s Intro Group has reportedly bought 50% of the company that owns bakery TBS and the…
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Saudi’s Sharbatly, El Shobokshi to invest USD 2.15 bn in Egypt
INVESTMENT WATCH- Saudi’s Sharbatly, El Shobokshy to invest USD 2.15 bn in Egypt: Abdulrahman Sharbatly’s Al Nahla Group and Fahd…
Qatar restores diplomatic ties with Iran
REGIONAL- Qatar has restored diplomatic ties with Iran “in a move set to further inflame tensions with the four Arab…
Earnings watch: Orascom Construction
EARNINGS WATCH- Orascom Construction Limited (OC) reported net income attributable to shareholders in 2Q2017 of USD 23.7 mn, down from…
Trade Minister inaugurates new Sadat City factories, announces plans to establish five new industrial zones as manufacturers reveal upcoming plans
Kabil announces plans to established five new industrial zones, inaugurates new factories during Sadat City media tour: The five new…
Manufacturers looking to press gov’t once again on lowering gas prices
Manufacturers are looking to press the government once again on repricing natural gas to industry, with the Union of Egyptian…
The Transport Ministry has reportedly finished drafting legislation that would end the state’s monopoly on rail service
The Transport Ministry has reportedly finished drafting legislation that would end the state’s monopoly on rail service and allow private…
ASCOM Company for Mining sells 64.46% of APM Ethiopia to Allied Gold
M&A WATCH- ASCOM sells 64.46% of APM Ethiopia to Allied Gold for USD 14.5 mn: ASCOM Company for Mining divested…
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