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Orange Egypt’s board approves major capital increase through additional share issuance
Orange Egypt’s board approves major capital increase through additional share issuance: Orange Egypt’s board of directors approved a capital increase…
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MAF looking to raise capital, borrow from parent to retire Mall of Egypt debt
More companies raising equity to retire debt: Mall of Egypt owner Majid Al Futtaim (MAF) Group has notified banks it…
Business confidence at 26-month high, PMI reading shows
Business confidence in Egypt hit a 26-month high, “signalling strong optimism towards future growth prospects, with many expecting economic stability…
Lebanese PM Hariri resigns
Lebanese Prime Minister Saad Al Hariri resigned yesterday, according to Reuters. Hariri claimed there was a plot to assassinate him…
Hamas hands over control of Gaza’s border crossings to PA
Hamas officially handed over control of the Gaza Strip’s border crossings to the Palestinian Authority on Wednesday, Reuters reports. The…
Emaar expects to raise USD 1.5 bn from real-estate unit IPO
IPO WATCH- Emaar plans to raise USD 1.5 bn from listing its real-estate development unit, Emaar Development LLC’s shares, Bloomberg…
Jay Powell to follow Yellen as Fed boss
US President Donald Trump announced on Thursday that he will nominate Fed Governor Jerome Powell to replace Fed Chair Janet…
Egypt ranks 134 out of 144 in gender inequality
Egypt ranked 134 out of 144 countries in the World Economic Forum’s Global Gender Gap Report for 2017. Iceland, Norway…
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