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ExxonMobil eyes Africa expansion, Egypt tops the list
INVESTMENT WATCH- ExxonMobil is eyeing expansion opportunities in Africa, now that oil prices are on the rise again, according to…
Saudi Arabia’s Zadna to invest EGP 2 bn in Egyptian dates production
INVESTMENT WATCH- Saudi Arabia’s Zadna is planning to invest EGP 2 bn to produce and sell Egyptian dates and olives,…
Beltone to launch acquisition bid for West African consumer finance provider Oragroup
M&A WATCH- Beltone to launch acquisition bid for West African consumer finance provider Oragroup: Beltone Financial’s board approved in principle…
GB Auto could list GB Capital by 2020
IPO WATCH- GB Auto could list GB Capital by 2020: GB Auto could list its financing subsidiary GB Capital on…
Gov’t preparing to tweak budget for higher oil prices?
EXCLUSIVE- Gov’t preparing to tweak budget for higher oil prices? The Ismail Cabinet will decide in the coming two weeks…
IMF, Egypt reach staff-level agreement to disburse USD 2 bn loan tranche
IMF, Egypt reach staff-level agreement to disburse USD 2 bn loan tranche: The IMF delegation that was in town reviewing…
CBE keeps interest rates on hold at Thursday meeting
The Central Bank of Egypt left key interest rates unchanged when it met on Thursday, according to a CBE statement…
USD 5 bn merger to create Saudi Arabia’s third-largest lender
USD 5 bn merger to create Saudi Arabia’s third-largest lender: HSBC-owned Saudi British Bank (SABB) is acquiring Alawwal Bank in…
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