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Egypt signs USD 35 mn settlement agreement with IFC for Omar Effendi debt
Gov’t signs USD 35 mn settlement agreement with IFC for Omar Effendi debt: The Omar Effendi Company signed on Thursday…
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Egypt’s talks with China Fortune Land Development (CFLD) could be revived
Egypt’s talks with China Fortune Land Development (CFLD) to build projects worth some USD 20 bn project in the new…
Pharma corruption case postponed to 19 February
COURT WATCH- The Cairo Economic Court has postponed to 19 February its ruling in an appeal by pharma distributors of…
Peugeot Citroen in court in CDCM case today
COURT WATCH- Court will hear EUR 150 lawsuit against Peugeot Citroen today: A Cairo court will begin hearing today a…
Sarwa shares down 7% on the EGX on second day after OIH acquisition
M&A WATCH- Sarwa shares down 7% in day two after OIH acquisition: Sarwa Capital’s share price fell just over 7%…
Khalil withdraws appeal, asks Egypt’s FRA for 60-day grace period to submit MTO
M&A WATCH- Khalil withdraws appeal, asks FRA for 60-day grace period to submit mandatory offer for Raya: Raya Holding founder…
Expat remittances rise 17% in October to USD 2.1 bn
Remittances from Egyptians living abroad rose 17% in October to USD 2.1 bn from USD 1.8 bn in September 2018,…
Central Bank of Egypt does not intend to extend its EGP 16.8 bn debt relief program
The CBE does not intend to extend its EGP 16.8 bn debt relief program, which is scheduled to expire at…
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