SPEED ROUND Archives

OIH will split into two companies: One running financial services, the other with all other investments

DEMERGER WATCH- Who gets what as OIH splits in two? The Financial Regulatory Authority (FRA) has approved Orascom Investment Holding’s…

M&A WATCH- United Bank sale on ice until we fully emerge from pandemic: The sale of state-owned United Bank to…

SFE in talks with investors, energy traders to develop EuroAfrica electricity link: The Sovereign Fund of Egypt (SFE) has opened…

Egypt’s sovereign credit rating is “particularly” exposed to water stress and drought risks, Fitch Ratings suggests. This comes as water…

FX reserves rise slightly in August: Foreign reserves rose in August for the third month running, coming in at USD…

M&A WATCH- Is STC about to make a new, lower offer for Vodafone Egypt? Saudi Telecom (STC) is in talks…

EARNINGS WATCH- Cleopatra Hospitals Group reports a 67% y-o-y decline in 2Q2020 net profits to EGP 14 mn, down from…

Manufacturers are pushing ahead with an aggressive lobbying campaign that aims to convince the state to cut natural gas prices.…

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