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Snackfood industry want VAT act amendments scrapped
LEGISLATION WATCH- Snackfood industry petitions House not to impose full VAT on sweets: Snackfood makers are lobbying the House Planning…
Egyptian Saudi Insurance House acquires 6.5% stake in Dice
M&A WATCH - The Egyptian Saudi Insurance House (ESIH) acquired a 6.5% stake in clothing manufacturer Dice for EGP 49.8…
Egypt Kuwait Holding doubles stake in Mohandes Insurance
M&A WATCH- Egypt Kuwait Holding (EKH) more than doubled its stake in Mohandes Insurance to 20.4% in a EGP 109.7…
Samih Sawiris to offload shares in Orascom Housing Communities to UK fund
M&A WATCH- Samih Sawiris will offload his shares in affordable housing player Orascom Housing Communities to an unnamed British investment…
Egypt-UK trade agreement to take effect by year-end
Egypt’s post-Brexit trade agreement with the UK will come into effect on 31 December, the UK’s trade envoy to Egypt…
Central Bank of Egypt makes shock 50 bps rate cut
The Central Bank of Egypt (CBE) cut interest rates by 50 basis points on Thursday for the second consecutive time…
Earnings Watch: Raya Holding, Allianz Egypt, Prime Holding, Al Baraka, Domty, AT Lease, EIPICO, National Bank of Kuwait, MM Group
EARNINGS WATCH- Raya Holding sees revenue growth and narrowing losses in 9M2020: Raya losses eased to EGP 53.6 mn during…
TE, Amsterdam Exchange to establish Egyptian internet exchange
TE, Amsterdam exchange to establish Egypt’s first internet exchange: Telecom Egypt has inked an agreement with the Amsterdam Internet Exchange…
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