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RX Health Care Fund to acquire 80-85% of United Pharma
M&A WATCH- Is a United Pharma acquisition finally going to materialize? EFG Hermes-owned RX Health Care Fund is expected to…
HDD receives three bids in sale of 10% stake, management rights
Three bidders for 10% stake + management rights to Heliopolis Housing and Development. Three unnamed companies have submitted bids to…
FinMin approves plan to kill capital gains tax on EGX trades, cut stamp tax by a third
FinMin approves plan to kill capital gains tax on EGX trades, cut stamp tax by a third: The Finance Ministry…
IMF downgrades expectations for 2019 global growth amid “synchronized slowdown”
IMF downgrades 2019 global growth outlook to 3%: The global economy is in a “synchronized slowdown,” IMF Chief Economist Gita…
Azimut are not establishing a private equity fund
CORRECTION- We reported yesterday that Azimut is looking to establish an Egypt-focused private equity fund. It is in fact setting…
Emirates NBD Egypt appoints new CEO
MOVES- Emirates NBD Egypt has appointed Mohamed Zakout as CEO for retail banking, Al Mal reported. Zakout has 27 years…
Two Egyptian entrepreneurs among 10 finalists of Africa Netpreneur Prize Initiative’s 2019 grand finale
STARTUP WATCH- Two Egyptian entrepreneurs are among the 10 finalists of the Africa Netpreneur Prize Initiative’s 2019 grand finale,which will…
FRA green-lights plans to set up regional organization to promote green finance
Finance industry regulator gives okay to regional green investment group: The Financial Regulatory Authority (FRA) approved yesterday a proposal to…
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