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Cairo 3A to acquire majority stake in Pyramid Poultry in coming month -sources
M&A WATCH- Cairo 3A Poultry is close to buying a majority stake in Pyramid Poultry for EGP 500 mn, sources…
Egypt’s non-loan IMF program still “under consideration,” Maait tells Bloomberg
Non-loan IMF program still under consideration but nothing conclusive yet -Maait: Egypt is still looking at securing a non-loan program…
Egypt’s United Bank sale moving forward, Amer says
M&A WATCH- United Bank sale moving forward: The CBE has appointed one local and one foreign lead advisor on the…
Egypt cuts fuel prices for first time since 2016
Gov’t cuts fuel prices for first time since 2016: The government has revised down prices for all grades of fuel…
Egypt reduces natural gas prices for three types of factories
Gov’t announces long-awaited decision to lower natgas prices for industry, but only for a few sectors: A ministerial committee lowered…
Egypt’s non-oil business activity improves marginally in September, but remains in contraction territory
Non-oil business activity improves marginally in September, but remains in contraction territory: Egypt’s non-oil private sector continued to contract in…
UAE’s Beco closes second VC fund
STARTUP WATCH- UAE’s Beco closes second VC fund: Beco Capital has closed its second startup fund at USD 100 mn,…
Legal proceedings between Emaar and El Nasr suspended for another 4 weeks
DISPUTE WATCH- Emaar-El Nasr legal proceedings suspended for another four weeks: A freeze on legal proceedings between property developer Emaar…
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