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Raya receives a bid for 31% stake in its transport arm
M&A WATCH- Raya receives a bid for 31% stake in its transport arm: Raya Holding has received a EGP 133…
Egypt’s post-loan IMF structural reform agreement will tackle bureaucracy, says Amer
Egypt’s post-loan IMF structural reform agreement will tackle bureaucracy, says Amer: Egypt is still in talks with the IMF over…
Egypt to launch international gold exploration tender by the beginning of March
Egypt to launch international gold exploration tender by the beginning of March: The government will launch an international gold exploration…
Bechtel, ECHEM ink USD 6.7 bn petrochem agreement
ECHEM inks agreement with Bechtel for USD 6.7 bn petchem, refinery complex: The Egyptian Petrochemicals Holding Company (ECHEM) yesterday signed…
Samih Sawiris becomes ODH interim executive chairman
MOVES- Samih Sawiris has assumed the role of executive chairman at Orascom Development Holding, Reuters reports. Sawiris will be assisted…
Juhayna profits fall 19% in 2019
EARNINGS WATCH- Juhayna profits fall 19% in 2019: Juhayna Food Industries’ profits fell 19% last year despite the company seeing…
Egypt’s House approves amendments for tougher to anti-terror legislation
LEGISLATION WATCH- House approves amendments for tougher anti-terror legislation: The House of Representatives greenlit in a plenary session yesterday proposed…
Egypt’s to settle export subsidy overdues with 15 companies soon- Kouchouk
The government will sign 15 agreements with exporters in the coming weeks to settle outstanding export subsidies, Vice Minister of…
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