SPEED ROUND Archives

Cruise industry “booming” in Middle East

Cruise lines now see the Middle East as an attractive place to move their Europe fleets in the winter season,…

The Suez Cement Company gave a preliminary nod yesterday to merging the Helwan Cement Company’s operations into its own, according…

MOVES- Sarah Shabayek has left Arqaam Capital to join Telecom Egypt as head of investor relations, according to Bloomberg. Ziad…

EARNINGS WATCH- Telecom Egypt reported net profit growth of 16% y-o-y to EGP 1 bn in 3Q2017, up from EGP…

Elsewedy Electric replaced Orascom Telecom Media and Technology Holding on the MSCI Global Small Cap Index. The move is part…

USD 3.1 bn extended financial repo transactions carries same collateral: The USD 3.1 bn expanded financial agreement with global banks…

EgyptAir, Bombardier sign letter of intent for USD 1.1 bn aircraft purchase: EgyptAir Holding Company signed yesterday a letter of…

M&A WATCH- FRA rejects ADM’s counter offer for NCMP: The Financial Regulatory Authority (FRA) rejected again yesterday Archer Daniel Midland’s…

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