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Bank Audi Egypt profits slide 7% in 2Q2020
EARNINGS WATCH- Bank Audi Egypt reported a 7% dip in net profits in 2Q2020 to EGP 650.8 mn, down from…
El Sisi ratifies amendments to Public Enterprise Act, law governing medical compensation
LEGISLATION WATCH- President Abdel Fattah El Sisi ratified amendments to the Public Enterprises Act, Masrawy reports, noting that the decision…
Egyptian esports team Anubis Gaming raises USD 300,000 seed
STARTUP WATCH- Egyptian esports teamAnubis Gaming raised an additional USD 100k from an unnamed regional ecommerce group last month, bringing…
Egypt imports 6.6 mn tonnes of wheat in 2020, GASC acquires 51% of imported wheat
State grain buyer GASC and private sector firms imported a combined 6.6 mn tonnes of wheat so far this year,…
FRA requires futures exchange company to separate CEO, MD, chairman
REGULATION WATCH- FRA requires futures exchange operating company to separate CEO, MD, chairman positions: The Financial Regulatory Authority (FRA) issued…
National Bank of Egypt taps Grant Thornton, Matouk Bassiouny to advise on Aman stake purchase
M&A WATCH- NBE taps Grant Thornton, Matouk Bassiouny to advise on Aman stake purchase: State-owned National Bank of Egypt (NBE)…
GB Auto lands Goodyear tire distribution rights in Egypt
EGX-listed GB Auto has landed distribution rights for Goodyear tires in Egypt as the American tire manufacturer looks to expand…
OIH eyeing investment partnership with the Sovereign Fund of Egypt
OIH eyes investment partnership with the Sovereign Fund of Egypt: Orascom Investment Holding — post-horizontal demerger — is considering making…
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