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Inflation rises for the first time in six months in November
Inflation rises for the first time in six months in November: Annual urban inflation rose slightly to 3.6% in November…
SPEED ROUND
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SPEED ROUND
Egypt is a top-growing tourism market in the MENA region this year, say operators
Egypt — especially Sharm El Sheikh — is one of the top-growing tourism markets in the MENA region this year,…
Gov’t invites ride-hailing companies to discuss Ride Hailing Apps Act exec regs
REGULATION WATCH- The government is inviting ride-hailing companies to come in for a talk about the executive regulations of the…
Egypt’s market regulator looking to introduce solvency standards for NBFS
REGULATION WATCH- Market regulator looking to introduce solvency standards for NBFS: The Financial Regulatory Authority (FRA) is planning to introduce…
Central Bank of Egypt sells USD 1 bn of 1-year t-bills
The Central Bank of Egypt (CBE) sold yesterday USD 1 bn in 1-year USD-denominated t-bills,official CBE data shows. The bills…
Union Capital to launch second SME fund in 2020
INVESTMENT WATCH- Hani Sarie-Eldin’s private equity firm Union Capital is planning to launch its second SME-focused investment fund in 2020,…
Reacap board approves acquisition of Al Naeem Holding stake in Al Naeem Consulting Services
M&A WATCH- Reacap to acquire Naeem Consulting Services for EGP 47.45 mn: The Reacap Financial Investments board approved on Sunday…
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