Pachin to decide on the acquisition offer of National Paints in early January

Elite is in the process of finalising the fair value report for the company’s shares: Sources

Fatma Salah

Ukraine’s Zelenskyy visits US to meet Biden in his first foreign trip since start of war

The highly sensitive trip marks the first time the Ukrainian president has left the country since Russia invaded on 24 February.

Daily News Egypt

Egypt re-elected to UN Peacebuilding Commission for a two-year term

He said that this election reflects Egypt’s long-standing contributions to peace-building efforts in Africa, including during Egypt’s chairing of the Peacebuilding Commission in 2021, when it represented the continent.

Sami Hegazi

Banque Misr, Banque du Caire, Misr Insurance Holding Group, Allianz Egypt launch Real Estate Investment Fund 1

Real Estate Investment Fund 1 signed a deal to purchase commercial real estate assets from Talaat Moustafa Group in Al-Rehab City and Madinaty

Daily News Egypt

Egypt’s Central Bank to decide on EGP’s interest in the last MPC meeting of 2022

The basic interest rate has been raised by 5% in 2022

Hossam Mounir

1st Advanced Placement school in El-Gouna starts accepting admissions

Manara School will use independent learning methodology with transformative approach focused on small classes

Daily News Egypt

CheckMe acquires Doctor Online through Exits MENA in another boost to Egypt’s healthtech

Powered by the T3G investment group and founded in 2020, CheckMe is a customer-centric marketplace mobile application that provides on-demand medical lab services through multiple lab partners safely, accurately, and…

Mohamed Alaa El-Din

Egyptian parliament speaker, government deny any intention to “sell” Suez Canal

The draft law, which received preliminary approval at a plenary session on Monday, sought to amend the law pertaining to the Suez Canal, allowing the establishment of a private fund.

Daily News Egypt

Emirati Chimera to acquire 45% of a subsidiary of GB Auto at a value of EGP 855m

The initial valuation of GB Lease is at EGP 2bn: Sources

Fatma Salah

Suez Canal Authority to acquire South Red Sea Shipyard 

Evaluation, due diligence procedures completed: Sources

Mohamed Samir