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EU-Arab League summit finishes, bringing little to the table
EU-AL summit finishes without breakthrough agreement on migration: The EU-Arab League summit closed yesterday without a formal agreement between European…
The Egyptian startup scene looks to Africa
The Egyptian startup scene looks to Africa: Egyptian startups and venture capital funds are eager to expand into other African…
Egytrans reports 45.9% fall in net profits to EGP 41.8 mn in FY18
EARNINGS WATCH- Egytrans has reported a FY2018 net profits of EGP 42 mn, down nearly 46% on the previous year,…
FRA finished Insurance Act draft, to present it for dialogue next week
LEGISLATION WATCH- FRA finishes Insurance Act draft: The Financial Regulatory Authority (FRA) has completed drafting a new Insurance Act and…
Parliament committee approves Economic Courts Act amendments
LEGISLATION WATCH- House committee gives nod to widening the jurisdiction of economic courts: The House of Representatives’ Legislative Committee has…
MIDOR reaches closure for USD 1.2 bn loan with Zaki Hashem as advisor
Middle East Oil Refinery (Midor) has reached financial close on what is believed to be a USD 2.2 bn-expansion and…
Centamin shares tumble on lower than expected gold production forecasts
Shares of London-listed gold miner Centamin “fell down a mine shaft,” City AM reports. The stock slid c. 28% after…
Beltone pays Egypt’s FRA EGP 16 mn to lift investment banking suspension
Beltone suspension lifted after it pays EGP 16 mn settlement: Beltone Financial’s investment banking arm resumed operations yesterday after the…
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