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Egyptian expat remittances forecast to be among fifth-highest in the world in 2019
Egyptian expats are projected to send home the fifth highest value of remittances in the world by the end of…
Majid Al Futtaim to invest EGP 44 bn in Egypt, inaugurates USD 580 mn City Center Almaza
INVESTMENT WATCH- Majid Al Futtaim to invest EGP 44 bn in Egypt in the coming years: Dubai-based real estate developer…
Endeavour isn’t giving up on Centamin merger plans
M&A WATCH- Endeavour isn’t giving up on Centamin merger plans: Endeavour Mining is “reaching out to Centamin shareholders” in an…
HSBC and Citibank compete for combined cycle stake sale role
PRIVATIZATION WATCH- HSBC and Citibank are competing to act as financial advisor on combined-cycle plant stake sale: Egypt’s sovereign wealth…
Egyptian b’naire Samih Sawiris acquires defunct Thomas Cook’s German business
M&A WATCH- Samih Sawiris acquires Thomas Cook’s German business: The Samih Sawiris majority-owned Raiffeisen Touristik Group (RT) has acquired the…
Egypt’s EGP 150 bn industry, mortgage support initiatives positive for EGP stability + real estate sector -Beltone
Gov’t’s EGP 150 bn industry, mortgage support initiatives positive for EGP stability + real estate sector -Beltone: The government and…
Capital gains tax on EGX trades could be making a comeback as soon as this month
Is the capital gains tax on EGX trades back in play? We suspect so, given a recent media report on…
FinMin aims to cut government spending by 6.5% next fiscal year
BUDGET WATCH- FinMin aims to cut government spending by 6.5% next fiscal year: The Finance Ministry is projecting a 6.5%…
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