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Pharos-RenCap consortium picked as financial advisor for e-Finance IPO
IPO WATCH- Pharos-RenCap consortium lands financial advisor job in e-Finance IPO: Our friends at Pharos have been chosen to act…
Egypt poverty rate stands at 32.5%, according to latest CAPMAS income report
Egypt’s poverty rate in FY2017-2018 stood at 32.5%, according to Capmas’ income and expenditure survey, the highlights of which were…
Egypt working on new income tax, VAT laws -Maait
LEGISLATION WATCH- Brace yourself for a brand new income tax law: The government is working on a new income tax…
Gulf Capital pulls away from plans to acquire Egyptian cheesemaker Arab Dairy
M&A WATCH- Gulf Capital pulls away from Arab Dairy takeover plans: UAE-based Gulf Capital’s GC Equity Partners III fund has…
Adeptio requests FRA approval to buy out Americana Egypt minority shareholders
M&A WATCH- Adeptio requests regulatory approval to buy out American Egypt minority shareholders: Adeptio AD Investments has submitted a request…
Maridive awarded USD 160 mn contract in India
Maridive awarded USD 160 mn contract to build pipelines in India: A Maridive & Oil Services Co. unit was awarded…
Egypt’s current account deficit to continue to widen as trade balance deteriorates -Fitch
We may be close to finishing the IMF program, but our trade balance isn’t looking much better: Egypt’s current account…
Heliopolis Housing calls shareholders meeting to vote on management contract
HHD calls on shareholders to vote on handing company management to a private partner: State-owned real estate developer Heliopolis Housing…
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