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No subsidies for electric car charging in Egypt, companies seeing potential
No subsidies for electric car charging stations? The Electricity Ministry will not subsidize electricity sold to recharge electric vehicles, Electricity…
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Egyptian government to investors: We’re staying the course on the IPO program, and the tax treatment of banks is in line with international norms
Gov’t to investors: We’re staying the course on the IPO program; the tax treatment of banks is in line with…
Transmar looks to capture market share in citrus export season
EXPORT WATCH- Home-grown shipping giant Transmar is looking to capture new market share as Egypt’s citrus export season gets underway,…
Earnings watch: Cleopatra Hospitals Group reports 3Q2018 results
EARNINGS WATCH- Cleopatra Hospitals Group reported a 186% y-o-y increase in net profit to EGP 91.6 mn in 3Q2018 from…
MM Group increases stake in Kanawat Distribution to 62.7%
M&A WATCH- MM Group for Industry and International Trade increased its stake in Kanawat Distribution to 62.7% up from 37.5%…
GAFI ratifies sale of Helwan Cement plant to Emaar
M&A WATCH- GAFI signs off on sale of Helwan Cement plant to Emaar: The General Authority for Freezones and Investment…
AMOC in talks to increase stake in Alexandria Wax Products Co.
M&A WATCH- AMOC in talks to purchase Sasol’s stake in Alexandria Wax Products Co: The Alexandria Mineral Oils Co. (AMOC)…
World Bank pledges USD 1 bn loan to support Egypt’s reform program, private sector development
World Bank pledges USD 1 bn in fresh funding to support Egypt’s reform program, private sector development: The World Bank…
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