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FinMin halves downpayment to unlock assets, file tax settlements
FinMin halves down payment requirement to unlock assets, file tax settlements: Businesses will only have to pay a 5% downpayment…
FRA approves Alexandria Development’s purchase of 1.28% of Alexandria Portland Cement
M&A WATCH- Market regulator accepts Alexandria Development’s MTO for 1.28% of Alexandria Portland Cement: The Financial Regulatory Authority (FRA) has…
Premium International closes EGP 172 mn securitized bond sale
DEBT WATCH- Premium Int’l closes EGP 172 mn securitized bond sale: Premium International for Credit Services has completed a EGP…
Samih Sawiris brings his stake in Germany’s FTI Group to 51%
M&A WATCH- Samih Sawiris ups his stake in Germany’s FTI to become majority shareholder: Orascom Development Holding Chairman Samih Sawiris…
Police raid in Egypt’s Al Amiriya leaves one policeman, seven terrorists dead
Police raid in Cairo’s Al Amiriya leaves seven alleged terrorists, one member of the police service dead: Security forces killed…
The coronavirus will trigger the worst global recession since the Great Depression; in MENA, only Egypt’s economy will grow this year –IMF
The coronavirus will trigger the worst global recession since the Great Depression, the IMF predicts: The world is facing its…
Earnings watch: Porto Group and QNB Al-Ahli report 2019 results
EARNINGS WATCH- Porto Group’s FY2019 profits dropped to EGP 116.9 mn from EGP 133.6 mn the previous year, while revenues…
Porto Group appoints Gamal Fathalla as chairman and managing director
MOVES- Porto Group appointed Gamal Fathalla (Linkedin) as chairman and managing director of the company after Mohamed Sayed Razek resigned…
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