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Attijariwafa Bank appoints Hicham Seffa as MD, nominates Halla Sakr as chairman
MOVES- Attijariwafa Bank has appointed Hicham Seffa (LinkedIn) as managing director to succeed Halla Sakr, who has been named chairman…
Egypt to begin tendering land under new mechanism
REGULATION WATCH- Cabinet outlines new land tender mechanism for mixed-use developments in new communities: The Madbouly Cabinet outlined in a…
Egypt grants Israel access to LNG plants after reaching gas settlement
Israeli gas could start flowing to Egypt’s LNG plants as soon as next month at an initial rate of 150…
Egypt’s FRA grants short selling licenses to EFG, CIB, AAIB
EFG, CI and AAIS take out short-selling licenses: The brokerage arms of EFG Hermes, CI Capital and the Arab Arfrican…
Glovo returns to Egypt, resumes services in Cairo
STARTUP WATCH- Glovo returns to Egypt, resumes services in Cairo: Spanish on-demand delivery startup Glovo has U-turned on its decision…
ODE offloads 87% stake in Tamweel for EGP 313 mn
M&A WATCH- ODH to use proceeds from Tamweel sale to pay down debt: Orascom Development Egypt (ODE) will use EGP…
Egypt-made MG cars soon as Mansour signs manufacturing JV agreement
INVESTMENT WATCH- China's SAIC Motor, Al Mansour Auto to manufacture MG in Egypt: Al Mansour Automotive will manufacture MG cars…
Veon in final talks with the government over tax settlement
DISPUTE WATCH- Veon in final stages of talks with the government over EGP 2.2 bn tax settlement for GTH: Telecom…
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