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Central Bank of Egypt to scrub 100k individuals, 8k companies scrubbed from i-Score blacklists
CBE clears 8k companies, 100k individuals from i-Score blacklists: The Central Bank of Egypt (CBE) has decided to scrub individuals…
Samih Sawiris mulls takeover of Germany’s FTI Group
M&A WATCH- Samih Sawiris mulls takeover of Germany’s FTI Group: Orascom Development Holding Chairman Samih Sawiris is considering the acquisition…
Short selling in Egypt remains anemic, despite potential for covid profits
Short selling in Egypt has remained anemic since the mechanism was launchedon the EGX in December, Misr for Central Clearing,…
Egypt’s foreign reserves dip USD 5 bn in March
FX reserves dip in March for the time in 14 months: Foreign reserves dipped USD 5.4 bn in March to…
FinMin working on specifics of corporate income tax relief program
EXCLUSIVE- FinMin working on specifics of corporate income tax relief program: Businesses looking to pay their income taxes in installments…
HHD’s board resigns after stake sale finds no buyers
HHD’s board resigns after stake sale finds no buyers: State-owned Heliopolis for Housing and Development’s (HHD) chairman and board of…
Cairo 3A nears completion of due diligence on Egyptian Starch & Glucose
M&A WATCH- Cairo 3A is nearing completion of due diligence on the Egyptian Starch & Glucose Company: Cairo 3A’s plans…
Egypt’s GB Auto outlines mitigation plan to protect business from covid-19 fallout
GB Auto suspends capex for 2020 as part of its plans to mitigate effects of covid-19 on business: GB Auto…
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