TMG Shares 7% Down As Judges Recommend Halt to Madinaty Deal
Shares in Egyptian real estate group Talaat Moustafa Group (TMG) (TMGH.CA) slipped 7 percent on Sunday after a…
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Indices News
OTMT’s Zimbabwe Unit Appoints Francis Mawindi As New CEO
Orascom Telecom Media & Technology Holding (OTMT.CA)’s unit Telecel Zimbabwe Ltd. appointed Francis Mawindi as…
Telecom Egypt Falls Most Amid Second CEO Change In Six Months
Telecom Egypt Co. (ETEL.CA), the Arab country’s monopoly fixed-line phone company, fell the most in almost two…
HSBC Dubai Buys At Least 5% of EFG-Hermes: EGX
HSBC Middle East Dubia has acquired a stake of at least 5% in EFG Hermes (HRHO.CA), the Middle East's biggest…
EFG-Hermes: QInvest Deal To Come Into Effect In Mid-August
EFG-Hermes Sources told Amwal Al Ghad that the QInvest deal to seize 60% of the Group stakes will go ahead within…
El Sewedy To Invest 350 Mln In Niger’s Power Project
Egypt’s El Sewedy Electric Co. (SWDY.CA) has revealed plans to enter Niger’s market by investing about $350 million…
Planet Secured Less Than 2.5% of EFG Main Shareholders: Official
An attempt by a group of Egyptian and Arab Gulf investors to buy the Middle East's biggest home-grown investment…
Planet’s Buyout Deal Is Just A ‘Hoax’, Propaganda
The Egyptian market witnessed a series of heated arguments broke out between EFG-Hermes Holding (HRHO.CA) and…
Naeem To Run Takeover Deals Worth $150 Mln This Year: CEO
Youssef Medhat El Far, Naeem Holding Managing Director, said the company will be running some acquisition deals in…
Planet Not To Go On Hermes Buyout Deal: CEO
Planet IB has closed EFG-Hermes (HRHO.CA) acquisition file after Egyptian Financial Supervisory Authority (EFSA)…