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Majid Al Futtaim to open 100 new Carrefour stores
INVESTMENT WATCH- MAF to open 100 new Carrefour stores in Egypt. Majid Al Futtaim (MAF) signed a cooperation protocol with…
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Greek oil and gas producer Energean planning LSE listing to raise capital for expansion in the Mediterranean region
Speaking of Mediterranean gas, Greek oil and gas producer Energean is planning to list on the London Stock Exchange in…
Dolphinus reportedly signs USD 15 bn natural gas agreement with Israel
Egypt just became the region’s premier energy hub. Delek Drilling and Noble Energy announced signing two binding agreements to export…
Careem acquires restaurant listing platform, to trial food delivery
Ride sharing app Careem has acquired online restaurant platform RoundMenu and says it will start trials of food delivery service…
Government’s water conservation strategy to reduce land for sugarcane, banana, rice cultivation
It’s about damn time: The Ismail government is planning to reduce the amount of land used for the cultivation of…
Could a missing US component be sabotaging France’s Rafale sales to Egypt?
Could a missing US component be sabotaging France’s Rafale sales to Egypt? Talks over a potential sale of an additional…
Earnings watch: EKH reports FY2017 results
EARNINGS WATCH- Our friends at Egypt Kuwait Holding (EKH) reported double-digit revenue growth in FY2017. The company posted net income…
QNB to sell small stake in Egyptian unit to comply with EGX regs
Qatar National Bank is looking to reduce its stake in its Egyptian unit QNB-Al Ahli to 95% from 97.125% currently,…
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