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Matouk Bassiouny & Hennawy to advise on ODH’s sale of Orascom Housing Communities
APPOINTMENTS- Law firm Matouk Bassiouny & Hennawy has been appointed to advise Orascom Development Holding (ODH) on the sale of…
Earnings: Orascom Construction profits down 6% in 3Q2020
EARNINGS WATCH- Orascom Construction (OC) profits fell 6.2% y-o-y to USD 30.2 mn in 3Q2020 from USD 32.2 mn last…
Earnings: IDH profits up 39% in 3Q2020
EARNINGS WATCH- LSE-listed Integrated Diagnostics Holding (IDH) reported a 39% y-o-y increase in net profit to EGP 201 mn in…
The EGX has changed how it calculates closing share prices
REGULATION WATCH- The EGX has changed how it calculates closing share prices: Closing share prices on the EGX will be…
Pharmacists Syndicate boycotts Ibnsina Pharma alleging misuse of 3elagi app
DISPUTE WATCH-Ibnsina faces boycott, legal action from Pharmacists Syndicate: The Pharmacists Syndicate called on its members to boycott Ibnsina Pharma…
Sawiris’ attempts to acquire Shalateen Mining in doubt as talks halted
M&A WATCH- Sawiris’ attempts to acquire Shalateen Mining in doubt as talks stop: Naguib Sawiris’ talks with the government to…
11 companies awarded 82 gold exploration blocks in gov’t tender
The results of Egypt’s latest gold + mineral exploration auction are here: Eleven mining companies have been awarded 82 gold…
Orange to invest EGP 4 bn on network upgrades in 2021
INVESTMENT WATCH- Orange will invest EGP 4 bn on network upgrades in 2021, Hisham Mahran, who is chief of Orange’s…
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