Witnesses in Ethiopia have said that more than 400 people, mainly women and children of ethnic Amhara, were killed. They blamed the Oromo Liberation Army (OLA), a claim denied by the latter.
The OLA accused government forces of conducting the (...)
In a previous speech, Ethiopian Prime Minister Abiy Ahmed announced himself as the country's "seventh king". He was referring to his Orthodox mother's performance of divination for him when he was young. This self-presentation strongly brings back (...)
Since the May ceasefire between Ethiopia's conflicting parties, Prime Minister Abiy Ahmed has faced internal challenges from his one-time supporters in the northern Amhara region, with civilians suffering the impact of violence between the waring (...)
The White House's staff tried to sweep up President Joe Biden's comments about the US defending Taiwan "militarily" if China were to invade the island by informing reporters in Tokyo last Tuesday that US policy remains unchanged.
On his first tour (...)
The Peacemakers Committee of the Coptic Orthodox Church organized a symposium on citizenship with the participation of Al-Azhar's Islamic Research Academy, Egypt's Coordination's Committee of Parties' Youth Leaders and Politicians (CPYP), the (...)
During the Cold War, the UK executed media protocols targeting the Middle East, Africa, and parts of Asia with the intention of fostering instability, manipulating sentiment, inciting crime, and aggravating ethnic strains with news by promoting and (...)
Merger and acquisition (M&A) transactions in Egypt has almost quadrupled during the first half of 2021 with 111 deals with value exceeding $4 billion, according to the latest report by global law firm Baker McKenzie.
This is compared to only 74 M&A (...)
Egypt's EFG Hermes reported on Wednesday a 20 percent year-on-year growth in revenues for the second quarter of the year to 1.6 billion Egyptian pounds ($101.8 million).
The group attributed the growth to an outstanding performance from the EFG's (...)
Cairo-based investment firm SOLID Capital, member of Dutch venture capital firm Solid Capital Group, plans to launch a new equity fund before the end of this year, with an initial capital of $250 million.
The fund will finance projects and (...)
Egypt expects to offer its first green bonds by a private company on Wednesday, said head of Egypt's Financial Regulation Authority (FRA) on Tuesday.
The offering of the green bonds will take place with value of $100 million, FRA chairman Mohamed (...)
Corporate law firm, Al Tamimi & Company announced on Monday that it had been mandated as legal advisor in Compass Capital's potential acquisition of 100 percent stake of Alexandria National Company for Financial Investment (ANFI).
On June 20, (...)
Egypt's government plans to resume its programme to sell stakes in state-run firms by the beginning of next October, with IPOs of two firms expected to be on offer, sources with knowledge told Amwal Al Ghad on Sunday.
Authorities in Egypt had (...)
Egyptian investment bank EFG Hermes announced on Wednesday that it had completed advisory to Bank Audi on its sale of 100 percent of the share capital of its Egyptian subsidiary to First Abu Dhabi Bank (FAB).
EFG acted as sole financial advisor to (...)
Raya Holding signed an agreement worth 490.7 million Egyptian pounds ($31.3 million) with Mamdouh Abbas' Intro Group to sell its 100 percent shares of its subsidiary BariQ.
In December 2020, BariQ, recycled plastic producer, announced its intention (...)
Sixth of October Development and Investment Company (SODIC) will soon announce its selection of the international investment bank that will act as financial advisor along with EFG Hermes to in Aldar Properties' bid to acquire 51 percent of its (...)
Helmy, Hamza & Partners, Baker McKenzie office in Egypt, announced on Wednesday that it had been mandated as legal advisor in the International Finance Corporation's (IFC) deal to provide financing for glassware manufacturer Pasabahce (...)
Egypt's stock exchange (EGX) announced on Sunday the start of the tender offer of Banque Misr for for buying a controlling stake in the share capital of CI Capital Holding for Financial Investments.
The tender offer is taking effect throughout (...)
The Egyptian Financial Regulatory Authority (FRA) said it has approved Banque Misr request to acquire a controlling stake in CI Capital Holding For Financial Investments.
Banque Misr submitted an offer to acquire up to 652,800 shares in CI Capital (...)
Egyptian investment bank CI Capital raises its assessment for the target price (TP) of Talaat Moustafa Group Holding (TMG Holding) by 50 percent as the latter plans to build a new residential project in the Capital Gardens .
CI capital raises its (...)
Zulficar & Partners Law Firm has been mandated as legal advisor in Banque Misr's potential acquisition of the share capital of CI Capital Holding for Financial Investments, its founding partner Anwar Zeidan said on Monday.
Zeidan did not disclose (...)
GlaxoSmithKline will focus its efforts and resources on discussing the sale of its stake in Egypt with Hikma Pharmaceuticals, said GlaxoSmithKline Egypt (GSK Egypt) in a bourse filling on Monday.
The company added that it was not in a position to (...)
Global law firm Baker McKenzie started the new year winning four deal awards at the Islamic Finance News (IFN) Awards 2020.
The IFN Awards are the most respected Islamic finance legal accolades that recognize the best legal firms with Islamic (...)
EFG Hermes, the leading financial services corporation in frontier emerging markets (FEM), announced today the launch of a new program between its NBFI subsidiaries valU, a leading technology solutions provider, and EFG Hermes Corp-Solutions, the (...)
NI Capital Holding Company, the investment arm of the National Investment Bank, aims to offer two new companies for public offering as part of the government sponsored IPO program before the end of the first quarter, Mohamed Metwally, CEO and (...)
The value of securitisation bonds issuance was recorded at 24.1bn in 2020 Egyptian pounds, compared to 22.1billion pounds in 2019, Mohamed Omran, Chairperson of the Financial Regulatory Authority (FRA).
Omran's remarks came during an online (...)