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Dana Gas announces end of legal battle with holders of its USD 700 mn sukuk
Dana Gas announced yesterday that it has reached a settlement agreement that will end the legal battle with holders of…
Uber considering launching ride-sharing service Uber Pool in the Middle East
Uber is considering launching Uber Pool in the Middle East as part of its plans for growth in the region,…
Egypt’s FM suggests RIZ contracts will be signed next week
Egypt’s FM suggests RIZ contracts will be signed next week: Egypt and Russia are expected to sign the contracts for…
Cyber Crimes Act forces service providers to hold user data for 180 days
LEGISLATION WATCH- Cyber Crimes Act forces service providers to hold user data for 180 days: It appears that the Cyber…
Could Red Sea energy reserves outshine Zohr?
Could Red Sea energy reserves outshine Zohr? Preliminary seismic studies in the Red Sea has indicated there are “huge amounts”…
Earnings Watch: EFG Hermes, Ibnsina Pharma, Oriental Weavers, Arabian Cement, Global Telecom, Faisal Islamic Bank report 1Q2018 results
EARNINGS WATCH- EFG Hermes reported a net profit after tax and minority interest of EGP 249 mn in 1Q2018, marking…
Smiley Face leaves Consumer Protection Agency
MOVES- So long, Smiley Face: Supply Minister Ali El Moselhy appointed yesterday Rady Abdel Moty Ali as the new head…
Kuwait’s Asasat to invest USD 16.5 mn in North Coast resort
INVESTMENT WATCH- Kuwait’s Asasat for General Trading & Contracting Company is planning to invest c.USD 16.5 mn in a touristic…
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