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Egypt to pass Unified Building Code, building code violation bill next month
LEGISLATION WATCH- Unified Building Code, temporary law on building code violations to be issued next month: The House of Representatives…
Cabinet likes amended Customs Act, Egypt to receive EUR 148 mn from EBRD
CABINET WATCH- Cabinet gives preliminary nod to Customs Act amendments: The Madbouly Cabinet has approved “in principle” amendments to the…
Egypt parliament to discuss legislative amendments to clamp down on high prices
LEGISLATION WATCH- House puts high prices and “monopolistic practices” in the crosshairs as state launches crackdown on price gougers: The…
Africa Forum 2018 kicks off, Egypt inks agreements
The Africa Forum 2018 in Sharm kicked off yesterday. Among the takeaways from the many announcements of the past 24…
Matouk Bassiouny closes AED 420 mn rights issue for Ajman Bank in UAE
ECM WATCH- Matouk Bassiouny & Ibrahim has closed a rights issue for Ajman Bank, the UAE-basedshariah-compliant lender, the firm said…
IFC says invested USD 1 mn in Vezeeta in September fundraising round
INVESTMENT WATCH- The International Finance Corporation invested USD 1 mn in Vezeeta as a follow-on investment to a September series…
Egypt’s Nawah Scientific raises USD 1 mn pre-series ‘A’ round
INVESTMENT WATCH- Cairo-based Nawah Scientific has raised USD 1 mn in a pre-series ‘A’ funding round, Menabytes reports. The round…
Unnamed foreign bank interested to fund Raya MTO
M&A WATCH- Int’l bank may back Medhat Khalil’s take-private bid for Raya: An unnamed international investment bank could finance Medhat…
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