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Posted inEGYPT IN THE NEWS
GEM under the spotlight
The Financial Times gives us a vivid warm-up tour of the Grand Egyptian Museumthat’s set to open by or before May 2024, rhapsodizing about its architecture, the collections it houses, the intricate process it took to transport King Khufu’s boat, and the museum’s implications for our tourism sector — with insights from Tourism Minister Ahmed […]
Posted inAlso on our Radar
Tameer secures EGP 956 mn loan. PLUS: News from JAF Investment and Madinet Masr
A little bit of debt, a little bit of M&A, and a little bit of real estate news. DEBT- Tameer secures 956 mn for New Cairo project: Real estate developer Tameer has landed an EGP 956 mn loan from Banque du Caire for its business park project Urban Business Lane in New Cairo, according to […]
Posted inPLANET FINANCE
Move along, move along: It’s all ?here, folks
There’s nothing happening this morning on Planet Finance, ladies and gentlemen. Western markets were closed yesterday, as was the Korea Exchange. While traders will crawl out of bed and to their desks this morning, don’t expect much in the way of energy. Asian markets are mixed this morning in what CNBC is calling “subdued” trading. […]
Posted inCALENDAR
2024 JANUARY 1 January (Monday): Egypt to join the Brics. 1 January (Monday): Private-sector minimum wage to rise to EGP 3.5k and minimum pension rate to rise to EGP 1.3k. 7 January (Sunday): Coptic Christmas (national holiday). 9 January (Tuesday): B Investments’ general assembly (pdf) to look into capital increase ahead of Orascom Financial Holding […]
Posted inWHAT WE’RE TRACKING TONIGHT
Hapag-Lloyd to decide whether to resume shipping via the Red Sea
Good afternoon folks, and happy last hump day of 2023. As we wrap up the last few days of the year and truly settle into that end-of-year slowdown, getting a newsworthy story is starting to feel akin to pulling teeth. THE BIG STORY TODAY? It’s really more of what’s going to be a big story […]