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Trade Ministry completes draft of SME law, sends it to cabinet for review
LEGISLATION WATCH- The Trade and Industry Ministry has finished drafting the new SME law and sent it to the Ismail…
SPEED ROUND
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SPEED ROUND
El-Raghy to retire as Centamin’s executive chairman
MOVES- Centamin Executive Chairman Josef El-Raghy is retiring “effective following the completion of a succession process and orderly handover throughout…
CSCEC invests USD 3 bn in development of business district in new capital
CSCEC invests USD 3 bn in development of business district in new capital: We finally appear to have a price…
HyperOne to build new branch in Solaimaneyah City this year
INVESTMENT WATCH- Retail chain HyperOne is planning to open a EGP 500 mn branch in Solaimaneyah City this year, founder…
Mowasalat plans to invest EPG 3 bn in Egypt by 2021
INVESTMENT WATCH- Private transport company Mowasalat Misr has plans to invest EGP 3 bn in Egypt by 2021, CEO Hisham…
Sources say EFG Hermes in talks to acquire stake in Bio Pharma Egypt
M&A WATCH- EFG Hermes is reportedly looking to acquire a controlling stake in Bio Pharma Egypt by buying BPE Partners’…
Unnamed UK fund makes USD 600 mn offer to buy Amoun
M&A WATCH- An unnamed UK-based fund has made overtures to acquire Egyptian pharma company Amoun from its embattled Canadian parent…
Pharos Holdings to advise on up to five M&As in 2018
M&A WATCH- Pharos Holding expects to complete advisory on four or five M&A transactions and capital increases in 2018, head…
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