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Fawry, Egypt’s largest IPO (since Emaar) on the horizon?
IPO WATCH- Fawry to pull the trigger on Egypt’s largest IPO (since Emaar) before Eid? E-payment platform Fawry will reportedly…
Amer Group appoints Egypt’s former transport minister Arafat as its new chairman
MOVES- Former Transport Minister Hisham Arafat has been tapped as the chairman of Amer Group, the local press reported. Arafat,…
Earnings watch: CIB reports 13% y-o-y increase in 2Q2019 bottom line
EARNINGS WATCH- Our friends at CIB delivered a 13% y-o-y increase in net income of EGP 2.71 bn in 2Q2019…
El Nahda Cement to partially suspend main production line for 6 months amid low sales and oversupply
Another cement factory on the ropes? El Nahda Cement has decided to partially suspend the main production line at its…
IDG aims to open first factory in New Alamein in 1Q2020
INVESTMENT WATCH- First factory in New Alamein to open in 1Q2020: The Industrial Development Group (IDG) aims to complete the…
Economic growth to remain stable over the coming two years -NBK
Economic growth to remain stable over the coming two years -NBK: Egypt’s economic growth is set to remain stable over…
Cleopatra denies knowledge of Actis’ impending Creed Healthcare takeover
M&A WATCH- Cleopatra Hospitals Group (CHG) has said that it has no knowledge of an impending management takeover of the…
Emaar to pay El Nasr EGP 100 mn to settle dispute
DISPUTE WATCH- Emaar to pay El Nasr EGP 100 mn to settle dispute: Property developer Emaar Misr has agreed to…
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