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Walid El Saadany leaves Otlob
MOVES- Walid El Saadany leaves Otlob: Online food delivery company Otlob has appointed Sofiène Marzouki (LinkedIn) as interim CEO after…
United Bank closes its first securitized bond issuance for MNHD
DEBT WATCH- United Bank closes securitized bond issuance for MNHD: The United Bank has closed a EGP 305 mn securitized…
FreshSource becomes Otlob’s first fresh food supplier
Online agriculture platform FreshSource has become Otlob’s first fresh food supplier, it announced in a statement (pdf). Established in 2019,…
Edita launches Molto Sandwiches
Edita Industries has launched its Molto Sandwich product with a retail price of EGP 4 per pack, according to a…
FinMin releases Egypt’s draft Unified Budget Act
LEGISLATION WATCH- FinMin releases draft Budget Act: The Finance Ministry has released the draft Unified Budget Act (pdf) and an…
Cabinet to begin discussing Public Enterprises Act changes next week
LEGISLATION WATCH- The Madbouly Cabinet will begin discussing the Public Enterprises Act amendments next week, Public Enterprises Minister Hisham Tawfik…
New owners of Alfa Market plan EGP 80 mn in investment in 2H2020
INVESTMENT WATCH- Alfa Market is planning to invest EGP 80 mn in the second half of 2020 to open two…
Al Alamia, Saudi consortium to invest EGP 2.5 bn in new retail chain
INVESTMENT WATCH- Al Alamia, Saudi consortium to invest EGP 2.5 bn in new retail chain: Al Alamia for Import &…
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