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Ibnsina lodges appeal with Egypt’s Court of Cassation to further reduce antitrust fine
DISPUTE WATCH- Ibnsina lodges appeal with Court of Cassation to further reduce antitrust fine: Ibnsina Pharma has filed an appeal…
Customs payment dispute with Mercedes importer returns
DISPUTE WATCH- Customs dispute with Mercedes importer in Egypt is back from the dead: A dispute between the Customs Authority…
Government to set cost-to-income ratio at 70% under new banks tax treatment
EXCLUSIVE- Gov’t to set cost-to-income ratio at 70% under new bank tax treatment of investments in treasuries, plans to scrap…
Egyptian Refining Company USD 4 bn facility to come online in June
Qalaa’s USD 4.3 bn Egyptian Refining Company facility will begin commercial production in June, running at 60% capacity and ramping…
Elakhdar joins Intro Group as MD
EXCLUSIVE: MOVES- Elakhdar joins Intro Group as MD: Intro Group, the private Egyptian conglomerate with holdings including oil and gas…
World Bank gives final approval for USD 200 mn SME loan
The World Bank has given final approval to a USD 200 mn loan to support entrepreneurship and SMEs in Egypt,…
Uber-Careem takeover could lose USD 470 mn, Egypt watchdog a major concern
Uber will pay 15% less for Careem if the two fail to get regulatory approval in jurisdictions including Egypt. Uber…
Banque du Caire plans to raise up to USD 400 mn in IPO
Banque du Caire plans to raise up to USD 400 mn in IPO, eyes potential dual listing: Banque du Caire…
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