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Car assemblers safe as FinMin looks to close knock-down loophole
EXCLUSIVE- Car assemblers safe as FinMin looks to close knock-down loophole: The Finance Ministry has instructed customs officials to charge…
Edita to buy out shareholder in subsidiary
M&A WATCH- Edita to acquire minority partner’s stake in candymaking subsidiary in EGP 60 mn transaction: Edita is buying out…
EFG Hermes aims to have non-bank financial services deliver 50% of profits by 2021
EFG Hermes aims to have non-bank financial services deliver 50% of profits by 2021: EFG Hermes aims for non-banking financial…
Regulator green-lights Orascom’s bid for large minority stake in Sarwa
M&A WATCH- Regulator green-lights Orascom’s bid for large minority stake in Sarwa: The Financial Regulatory Authority (FRA) has approved Orascom…
Egypt’s benchmark EGX30 extends losses to a fifth straight day
The EGX30 posted its fifth straight day of losses yesterday as shares struggled to recover from a 3.8% drop on…
Correction: Titles of Egyptian finance ministry officials
CORRECTION- Mai Farid was appointed Assistant Minister of Finance for Economic Justice, while Yomna Akram Khattab became the new Assistant…
Earnings watch: Egypt’s Domty reports EGP 34.7 mn 3Q2018 net profit
EARNINGS WATCH- Cheese producer Domty reported a net profit of EGP 34.7 mn in 3Q2018, up from EGP 22 mn…
Tarek Fahmy top candidate for sub-governor post at CBE
MOVES- Tarek Fahmy (LinkedIn) is the frontrunner to become the CBE’s new sub-governor for risk management and banking supervision, an…
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