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E-commerce players will be girding for a regulatory showdown with the House
E-commerce players will be girding for a regulatory showdown with the House when MPs return from summer recess next month.…
B Investments planning to invest EGP 250 mn next year
INVESTMENT WATCH- B Investments planning to invest EGP 250 mn next year: Private equity firm B Investments is planning to…
Redcon eyes 2Q2019 IPO to finance future expansion plans
IPO WATCH- Redcon eyes 2Q2019 IPO to finance future expansion plans: Redcon Construction is considering floating a portion of its…
Sarwa Capital sees a valuation of USD 300 mn from IPO
IPO WATCH- Sarwa Capital looks to raise USD 120-125 mn from IPO: Top consumer and structured finance player Sarwa Capital…
Emirates NBD in the market to acquire a bank in Egypt
M&A WATCH- Emirates NBD in the market to acquire a bank in Egypt: Emirates NBD Egypt is looking to acquire…
Uber, Careem get blunt, public warning from Competition Authority
Competition watchdog gives Uber, Careem get blunt, public warning against merger: The Egyptian Competition Authority (ECA) took the relatively unusual…
Arbitrator orders Egypt to pay USD 2 bn to Union Fenosa Gas over natural gas supply cut to Damietta plant
Arbitrator orders Egypt to pay USD 2 bn in settlements to UGS over cut of natural gas supply to Damietta…
World Bank offers USD 500 mn loan to support Egypt’s cash-subsidy programs
The World Bank has offered a USD 500 mn loan to support Egypt’s cash-subsidy programs: The news of potential limits…
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