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The USD held firm just above the EGP 50 mark as banks closed on Thursday for the weekend, capping a day that saw investors sell down debt and equity positions worth nearly USD 1 bn, a senior banker tells EnterpriseAM. The scale of outflows on Thursday was considerably larger than the week’s average and nearly […]
Author Archives: enterpriseam admin
Posted inPolicy
Farid vows to fix bottlenecks, digitize procedures, and step back from corporate decisions
A new VC Fund to close the startup growth-capital gap
Posted inTransport
Transport Ministry moves to claw back land value gains with LRT betterment fees
Chinese loans of USD 345 mn and an EGP 1 bn betterment fee will lay down LRT tracks to Central Capital Station
Posted inPrivatization Watch
Gabal El Zeit deal nears finish line with USD 416 mn valuation
Final signatures are expected later this month
Posted inPHARMA
Rising import costs are squeezing Egypt’s pharma industry
Production costs could climb by 30% over the next three months if exchange rate pressures remain
Posted inMoves
Nassef Sawiris to step down as OCI Global executive chair amid merger freeze
Sawiris will officially leave the role as of the company’s next annual general meeting
Posted inAlso on our Radar
Polaris Parks looks to attract USD 2 bn in clean industry investments in planned New Capital industrial zone
Heavy industry will be off limits to avoid a detrimental effect on the wider city
Posted inPLANET FINANCE
“Sell America, buy Asia” trade interrupted as oil and war risk reset the outlook
Asian stocks are down 6% this week, as oil and war risk force investors back toward USD assets