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Piaggio considers assembling tuk-tuks in Egypt
INVESTMENT WATCH- Is Italy’s Piaggio looking to assemble tuk-tuks in Egypt? Italian motor vehicle manufacturer Piaggio is considering teaming up…
SPEED ROUND
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SPEED ROUND
Mansour Group, Scope, Groupe PSA officially launch Peugeot distribution in Egypt
Mansour Group, Scope, Groupe PSA officially launch their Peugeot distribution operation in Egypt: Mansour Group, Dubai-based Scope Investment, and French…
Marsa Marsa Alam for Tourism Development to make offer on 68% stake in El Badr Plastic
M&A WATCH- Marsa Alam for Tourism Development’s (MMATD) board approved an offer to acquire a 68% stake in El Badr…
Will listed state-owned companies be prioritized in the state IPO program?
IPO WATCH- Will listed state-owned companies be prioritized in the state IPO program? The government may first sell new shares…
Egypt closes EUR 2 bn eurobond issuance, offering 3.8x oversubscribed
Egypt closes EUR 2 bn eurobond issuance: Egypt has successfully closed a EUR 2 bn eurobond sale that breaks down…
Court of Urgent Matters shields Uber and Careem from Administrative Court ruling
Court of Urgent Matters shields Uber and Careem from Administrative Court ruling: The Cairo Court of Urgent Matters suspended on…
Correction
CORRECTION- We had picked up a story from Al Shoroukon Monday, naming CIB as part of a banking consortium providing…
Kuwait just made remittances more expensive
Kuwait just made remittances more expensive: The Kuwaiti parliament’s financial and economic affairs committee has approved a bill imposing fees…
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