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Raya Holding to establish three subsidiaries in 1H2020
Raya Holding is joining the rush into non-bank financial services and aims to set up three subsidiaries in 1H2020, including…
FinMin to exempt 74 pharma materials from VAT
LEGISLATION WATCH- FinMin mulls VAT exemptions for 74 raw materials used by med makers: The Finance Ministry decided at the…
EBRD, QNB Alahli agree USD 82 mn climate finance package
EBRD commits fresh capital to climate finance in Egypt: The European Bank of Reconstruction and Development (EBRD) and QNB Alahli…
Egyptian Competition Authority probes Cairo 3A’s bid to acquire Starch and Glucose Company
M&A WATCH- ECA probing Cairo 3A’s bid to acquire majority stake in Starch and Glucose Company: The Egyptian Competition Authority…
MPs want to raise taxes on anyone earning more than EGP 1 mn a year
LEGISLATION WATCH- MPs want to raise taxes on anyone earning more than EGP 1 mn a year: A draft law…
HSBC appoints Stephen Moss as regional chief executive
MOVES- HSBC Holdings has tapped Stephen Moss (LinkedIn) as a regional chief executive overseeing Europe, the Middle East, Latin America,…
Agricultural Bank of Egypt names veteran banker Alaa Farouk as chairman
MOVES- National Bank of Egypt (NBE) retail CEO Alaa Farouk (LinkedIn) was reportedly tapped as chairman of the Agricultural Bank…
Gov’t moves ahead with USD 10 mn JV to promote Egyptian products in Africa
Gov’t moves ahead with USD 10 mn JV to promote Egyptian products in Africa: Public Enterprises Minister Hisham Tawfik met…
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