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FRA approves Pioneers Holdings’ five-way MTO
M&A WATCH- FRA approves Pioneers Holding’s acquisition of five of its subsidiaries shares: The Financial Regulatory Authority has approved Pioneers…
FAB completes due diligence on Bank Audi Egypt acquisition, now finalizing its offer
M&A WATCH- FAB completes due diligence on Bank Audi Egypt: First Abu Dhabi Bank (FAB) has completed due diligence on…
Egyptian e-commerce startup Source Beauty lands pre-seed funding from 500 Startups
STARTUP WATCH- Source Beauty raises pre-seed funding from 500 Startups: Source Beauty, an Egyptian e-commerce startup focused on beauty products,…
CDC closing in on USD 100 mn investment in unnamed healthcare player
INVESTMENT WATCH- CDC closing in on USD 100 mn investment in unnamed healthcare player: The UK’s CDC Group is planning…
CBE may extend subsidized loan program to contractors
CBE may extend subsidized loan program to contractors: CBE Governor Tarek Amer will propose allowing contractors to access subsidized loans…
Egypt’s inflation rises in April to 5.9%, ahead of expectations
Annual urban inflation in April outpaced analyst expectations, rising to 5.9% from 5.1%in March, according to data out on Sunday…
Maait signals austerity measures if covid-19 crisis persists
BUDGET WATCH- Austerity measures in the cards if crisis continues into FY2020-2021 -Maait: The government could cut back on spending…
Enterprise Poll: CBE to leave interest rates unchanged in May 2020
ENTERPRISE POLL- CBE to leave interest rates unchanged when it meets this week: The Central Bank of Egypt will likely…
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