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Amendments to NGOs Act to be drafted within a month
LEGISLATION WATCH- Amendments to controversial NGOs Act to be ready for public review within a month: The Social Solidarity Ministry-led…
Mineral Resources Act sent to House for review
LEGISLATION WATCH- Amendments to Mineral Resources Act sent to House: The government has sent long-awaited draft amendments to the Mineral…
Egypt’s Pioneers Holding to acquire 100% of Electro Cable
M&A WATCH- Pioneers Holding to seek 100% of Electro Cable Egypt: Pioneers Holding is looking to acquire 100% of Electro…
Expat remittances rise USD 20.4% y-o-y in September
Remittances to Egypt by citizens working abroad rose 20.4% y-o-y in September to USD 1.8 bn, up from USD 1.5…
Egypt’s Eastern Tobacco stake sale is “in the offing” as share price recovers
IPO WATCH- Eastern Tobacco stake sale is “in the offing” as share price recovers: The sale by the state of…
Masria Cards says it has no IPO plans in the medium term
CORRECTION- We had noted a story from Al Mal last Thursday that smart card supplier Masria Cards is considering an…
El Demerdash appointed as CEO & MD of ADIB Capital
MOVES- Hatem El Demerdash (Linkedin) has been appointed the CEO and managing director at ADIB Capital, according to Al Mal.…
EFG Hermes sees 3Q2018 revenues surpass EGP 1 bn
EARNINGS WATCH- Regional financial services corporation EFG Hermes reported a net profit after tax and minority interest of EGP 279…
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