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Saudi Egyptian Industrial Investment Company to acquire food manufacturer
M&A WATCH- The Saudi Egyptian Industrial Investment Company (SEIC) is looking to acquire an unnamed, privately-held food manufacturer, CEO Ahmed…
SPEED ROUND
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ADM enters the fray to buy NCMP
M&A WATCH- Swiss firm Archer Daniels Midland (ADM) will bid for another food company in Egypt after the winner of…
EAEF looks to buy Orchidia Pharma
M&A WATCH- Our friends at the Egyptian American Enterprise Fund (EAEF) are reportedly planning to invest in Orchidia Pharma, sources…
Ryanair submits bid for Alitalia
Ryanair became the latest airline to bid for failing Alitalia on Monday, says a piece in the Financial Times. Ryanair’s…
Cairo has the second largest number of HNWIs in Africa, Alexandria 13th
Cairo has the second largest number of HNWIs in Africa, Alexandria ranks 13th: Wondering where the rich live in Africa?…
Earnings watch: Orange Egypt’s losses grow, Vodafone Egypt revenue snapshot
EARNINGS WATCH- Orange Egypt reported an increase in net loss after tax to EGP 1.10 bn in 1H2017 from EGP…
Egyptian Exchange board elections wrap up
MOVES- Hashem El Sayed and Khaled Abu Heif were elected yesterday to fill the two listed companies’ seats on the…
Supply Ministry denies lowering subsidized bread allocations
Supply Ministry denies lowering subsidized bread allocations: The Supply Ministry has denied it will lower daily subsidized bread allocations, stressing…
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