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Egypt in talks with a number of automotive companies for local assembly
EXCLUSIVE- Tata joins host of automotive companies in talks to invest in Egypt: India’s Tata Motors is in talks with…
Kharafi National looking to invest up to EGP 1 bn in Future City
INVESTMENT WATCH- Kharafi Nationalmulls investing up to EGP 1 bn in Future City infrastructure project: Infrastructure contractor Kharafi National could…
Emirati bank investments in Egypt stand at AED 43.4 bn at end of 1Q2019
INVESTMENT WATCH- UAE banks invested USD 11.8 bn in Egypt in 1Q2019: Investments by Emirati banks in Egypt reached AED…
Non-oil business activity continues to contract in June
Non-oil business activity continues to contract in June: Falling demand caused non-oil business activity to contract for the second consecutive…
Baker McKenzie appoints Ghada El Ehwany as M&A partner at its Egypt office
MOVES- Baker McKenzie has appointed Ghada El Ehwany (LinkedIn) as an M&A partner at its Egypt office, the law firm…
World Bank approves USD 500 mn loan to support Egypt’s cash-subsidy programs
World Bank approves USD 500 mn loan to support Egypt’s cash-subsidy programs: The World Bank’s board of directors has approved…
Short selling expected to be activated in 3Q2019
REGULATION WATCH- Expect short selling to begin in 3Q2019: Traders should begin short selling in 3Q2019, when the new system…
Germany removes travel ban restrictions on Taba
Germany has removed flight restrictions to Taba, allowing direct flights to the Sinai city, the country’s foreign ministry said. “The…
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