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SCZone and SFE to partner on rail projects in East Port Said
Sovereign fund is getting in on a railcar assembly plant in East Port Said with the SCZone: The Suez Canal…
Al Ahly Capital in talks to acquire e-payments firms Momken, Sadad
M&A WATCH- Al Ahly Capital is in talks to acquire 100% of e-payments firms Momken and Sadad in transactions that…
Electricity prices to rise 16-30% July, but subsidies are with us until 2025
Your electricity bill will rise by as much as a third in July — but subsidies won’t be fully lifted…
Earnings Watch: Orascom Development, Eastern Company
EARNINGS WATCH- Orascom Development profits fall 50% in 1Q2020: Orascom Development Egypt (ODE) profits fell 51% year-on-year to EGP 92…
BRIEFLY NOTED- CBE’s POS machines, Emaar Misr says Cairo Gate isn’t new, Sika closes Bitumode acquisition
BRIEFLY NOTED- It will cost the central bank EGP 500-600 mn to finance the cost of rolling out 100k point-of-sale…
FRA will allow outsiders who are not board members to sit on audit committees
REGULATION WATCH- You can now have an outside party who isn’t a board member sit on your audit committee following…
FRA suspends issuing insurance licenses for a year; new regs require auditors to be insured
REGULATION WATCH- FRA suspends issuing insurance licenses for a year; auditors will need to be insured: The Financial Regulatory Authority…
Simplified commercial registry and a new outdoor advertising bill get nods in the House
LEGISLATION WATCH- Simplified commercial registry a new outdoor advertising bill get preliminary House nods: The House of Representatives’ general assembly…
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