JEDDAH: Saudi food group Savola has bought the remaining 22 percent stakes in two Egyptian companies it acquired in October as part of a regional expansion, an official at investment bank HC Securities that managed the deal said on Tuesday.
In (...)
CAIRO: Orascom Telecom (OT) will seek international arbitration soon in a dispute with Algeria's government over the Egyptian company's unit Djezzy, OT's chairman was quoted as saying on CNBC Arabia TV's website.
A planned $6.6 billion sale of OT (...)
CAIRO: Egypt's Palm Hills had fallen in midday trade on Wednesday by as much as 5.6 percent, following a newspaper report that a legal case had been filed contesting one of their real estate contracts, traders said.
The daily al-Mal newspaper (...)
CAIRO: Egypt's small and medium-size enterprises (SME) stock exchange Nilex will open for trade on June 3, with at least one of its 10 listed companies planning an immediate public share offering.
"The Nile Exchange was launched ... with the goal (...)
CAIRO: Egypt s Beltone Financial has signed a deal to complete its planned merger with Pioneers Holding and expects to complete the deal by the end of May, Beltone said on Sunday.
A Beltone spokesman said the new firm will be called Beltone (...)
CAIRO: Trading on Egypt s small and medium size enterprises (SME) stock exchange Nilex will start between March and June, a newspaper reported on Sunday.
We will start with three or four companies that comply with trading rules, most important of (...)