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Egypt aims to raise approximately USD 6.5 billion (EGP 200.8 billion) through the privatisation of state-owned companies and assets by the end of this year, Minister of Finance Mohamed Maait announced on 13 February, according to a press release on the ministry’s website. “[The programme] contributes to attracting more investments, maximising the role of the

A delegation from the International Monetary Fund (IMF) is currently visiting Egypt since 19 January to discuss the first and second reviews of the country’s USD 3 billion (EGP 92.4 billion) loan and reform program, according to a spokesperson statement to Reuters. The multilateral lender did not clarify whether the visit includes discussions on providing

Abu Dhabi investment company, ADQ, and its subsidiary ADNEC Group, announced on 12 January the acquisition of 40.5 percent of ICON, the hospitality arm of Egypt-based Talaat Mostafa Group through a capital increase. The signing agreement marks ADQ’s acquisition of stakes in ICON’s pre-existing portfolio of luxury hotels and resorts, including seven famous historic hotels

SECURITIES AND EXCHANGE COMMISSION Washington, DC 20549 FORM 6-K REPORT OF FOREIGN ISSUER PURSUANT TO RULE 13a-16 OR 15d-16 OF THE ... -Today at 05:51 pm- MarketScreener