Samih Sawiris takes over Thomas Cook franchise in Germany
Sawiris owns 74.9% of the Raiffeisen Touristik Group, which generates around €3.5bn in sales per year. The group includes Otto brand Reiseland, Thomas Cook Netherlands, and 700 private travel agencies.
Ministry of Planning launches Sharek 2030 app to advertise gov’t projects
The launch of the Sharek 2030 mobile app took place within the activities of the 23rd session of CAIRO ICT 2019
Private Sector-Led Development in Egypt: IFC
Following the recent Investment for Africa Forum held in Egypt on November 22nd and 23rd, we share highlights of IFC’s approach to private sector development in one of the Middle…
Oil prices hike ahead of OPEC meeting after large production cuts expectations
Brent increased by $0.75 to $61.57, WTI up by $0.65 to $56.75
Rameda private placement oversubscribed 1.17 fold
Egypt’s second private-sector initial public offering (IPO) of the year, revitalising the country’s lacklustre IPO market, is the largest Egyptian IPO and has been since 2015.
Egypt welcomes Endeavour’s bid for all-share merger with Centamin: El-Molla
El-Molla added on Wednesday that the government had no role in the bid, yet they welcome any new investment in the gold and mineral exploration sector.
Egypt to sign MoU with Dongfeng in January 2020 to manufacture EVs locally: Tawfik
The study will provide information on the investment required for replacement and renovation in line with the technology used at Dongfeng company.
Egypt’s FX reserves increase by $319m in November
Gold reserves decline, SDR countered FX hike, curbing net foreign reserves increase to $107m in November, according to CBE
Egypt’s political parties attend national dialogue to discuss new electoral system
Dialogue aims to consider all observations in the election-related bills, says Ashraf Rashad
Violent Protests against new PM candidate in Lebanon
Late on Tuesday, hundreds of protesters participated in demonstrations against the formation a proposed government, hours after the Lebanese outgoing Prime Minister Saad Hariri declared his support for the nomination…
