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Shell to divest onshore assets in Egypt’s Western Desert to focus on offshore concessions
Shell to divest Western Desert onshore assets to focus on offshore concessions: Shell is planning to divest its onshore upstream…
NBG asks CBE for more time for Bank Audi acquisition approval amid employee dispute
M&A WATCH- NBG needs more time to soften things up with its staff before Bank Audi acquisition can get the…
Sawiris’ Ora in talks with Qatari Diar for 51% stake in Egypt’s CityGate
M&A WATCH- Ora Developers in talks with Qatari Diar for 51% stake in CityGate: Naguib Sawiris’ Ora Developers is in…
Qalaa Holdings to IPO TAQA Arabia, Arab Refining Company next year
IPO WATCH- Qalaa Holdings to kick off four-year IPO program next year by listing shares of TAQA Arabia, ARC: Qalaa…
Public Enterprises Ministry could offer investors management rights to three bus companies
PRIVATIZATION WATCH- Egypt is bringing its privatization drive to bus companies. The Public Enterprises Ministry could offer private investors the…
Aramco is a potential hiccup for Egypt’s state privatization program -lead advisor
PRIVATIZATION WATCH- Aramco’s IPO could be reason to postpone government’s stake-sale program, says NI Capital boss: The initial public offering…
Egyptian Soha El Turky appointed VP, CFO of EBRD
MOVES- Soha El Turky (LinkedIn) is set to leave Banque du Cairo to become vice president and chief financial officer…
Egypt’s foreign debt hits USD 108.7 bn in 4Q2018-19
Egypt’s foreign debt rose increased to USD 108.7 bn at the end of 4Q2018-2019, up 17.3% y-o-y from USD 92.6…
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