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STC extends its MoU for Vodafone Egypt purchase by another 60 days
M&A WATCH- STC extends MoU for Vodafone Egypt purchase for a second time: Saudi Telecom (STC) yesterday extended by another…
Car prices for 2020 models expected to drop, 2021 models to rise
You can expect car prices to ease a bit in the coming months before rising again later in the year,…
Gov’t unveils package of measures to boost consumer spending
Gov’t unveils package of measures to boost consumer spending: A new package of measures designed to push the economy through…
Mashreq Bank taps Haitham Hammad as Deputy CEO, Maridive appoints Mohamed El Gamal as CEO
MOVES- Mohamed El Gamal (Linkedin) has been appointed as CEO of Maridive and Oil Services, a subsidiary of Maridive Group,…
Maridive & Oil Services’ net losses increase USD 7.5 mn
EARNINGS WATCH- Maridive & Oil Services’ net losses widened to USD 7.5 mn in 1Q2020, up 532% y-o-y from losses…
Fatura raises USD 1 mn in funding round led by Disruptech
STARTUP WATCH- Egyptian e-payments platform Fatura has raised north of USD 1 mn in its first funding round led by…
Americana Egypt shareholders approve Adeptio offer price
M&A WATCH- Americana Egypt shareholders approve Adeptio offer price as market regulator approves share value methodology: Minority shareholders in Americana…
Egypt rejects Ethiopian request to stall decision on sticking points on 8th day of GERD talks
Egypt bats away Ethiopia’s proposal to kick the can: Egypt has refused a proposal put forward by Ethiopia on Friday…
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