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Apple agrees to ECA’s demands to end “anti-competitive restrictions” in Egypt
One win the ECA can claim now: Apple is playing ball with the competition watchdog’s demands to end “anti-competitive restrictions”…
ECA extends technical examination period of Uber-Careem merger
ECA gives itself more time to rule in Uber-Careem merger: The Egyptian Competition Authority (ECA) has extended the period during…
Investec acquires Spinney’s for undisclosed sum, marking its first PE investment in Egypt
M&A WATCH- Investec has acquired Spinney’s Egypt from Abraaj for an undisclosed figure, marking the asset management company’s first private…
Veon nearly completes MTO of 42.3% of Global Telecom Holding
M&A WATCH- GTH nearly completes sale of 42.3% stake to Veon: Global Telecom Holding (GTH) shareholders have completed the sale…
Care Healthcare divests 31.5% stake in Cleopatra Hospitals
M&A WATCH- Care Healthcare divests 31.5% stake in Cleopatra Hospitals: Care Healthcare sold a 31.5% stake in Cleopatra Hospital Group…
Busy few days at Egypt’s House as reps prep for summer recess
LEGISLATION WATCH- House gives final nod to keeping stamp tax on EGX transactions at 0.15%: The House of Representatives’ general…
CBE plays it safe and leaves rates on hold in July
CBE plays it safe and leaves rates on hold: The Central Bank of Egypt’s Monetary Policy Committee (MPC) left key…
Earnings watch: Egypt’s QNB Al Ahli reports EGP 2.2 bn in 2Q2019 profits
EARNINGS WATCH- QNB Al Ahli reported a net profit of EGP 2.2 bn in 2Q2019, up 18.4% y-o-y from EGP…
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