Egypt's state-owned Egyptian National Railways (ENR) has chosen eight subsidiaries to sell their shares on the stock exchange under a rebooted privatization programme designed to boost public coffers.
They included Transport Information Technology (...)
Egyptian car assembler and distributor Ghabbour Auto (GB Auto) said on Wednesday that its board approved to negotiate entering into agreement to sell 45 percent of GB Lease's share to UAE's Chimera.
The anticipated transaction will be subject to the (...)
Shares of state-run Telecom Egypt (TE) jump more than 9 percent in early trading on Monday following reports Qatar Investment Authority is offering to buy a share of TE's stake in Vodafone Egypt.
TE's shares rose 9.3 percent to 16.9 Egyptian pounds (...)
Egypt's Al Ahly Financial Investments Management (AFIM) is joining forces with EgyptAir Holding to launch an insurance money market fund within the fourth quarter of the year.
Hanan Wagdy, head of business development at AFIM, told Amwal Al Ghad on (...)
Egypt's state-run Abu Qir Fertilizers and Chemicals Industries reported on Thursday a 157.8 percent year-on-year growth in net profit for the financial year 2021/2022 that ended last June.
Net profit registered 9.05 billion Egyptian pounds ($478.3 (...)
Swvl Holdings Corp., the Cairo-born, Dubai-based mass transit and shared mobility services provider, will have to postpone its plans for dual listing in Egypt and Saudi Arabia, its chief financial officer told Amwal Al Ghad on Sunday.
"The company (...)
Saudi Arabia-based B2B e-commerce platform Sary has acquired Egyptian B2B marketplace Mowarrid for an undisclosed amount, the company told reporters on Tuesday.
The acquisition is part of Sary's strategic expansion plans throughout North African (...)