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Three industry leaders on the opportunities + challenges in Egypt’s financial sector
Author Archives: enterpriseam admin
Posted inEconomy
PMI positivity went into reverse in September
Backlogs shot to “unprecedented” highs during the month due to inflation and raw materials shortages
Posted inM&A WATCH
Bidders line up for a piece of Middle East Glass
DPI and Mediterrania Capital Partners are doing due diligence on the company
Posted inStartup watch
Intella closes USD 3.4 mn seed round led by Saudi VCs
The fresh funds are fueling Intella’s expansion into Saudi
Posted inEconomy
Intesa Sanpaolo lowers its 2023 growth forecast for Egypt
The Italian bank is the latest to lower expectations for the country’s growth growth due to the ongoing economic crisis
Posted inAutomotive
A rebound in the automotive sector
Sales volumes have plunged since the beginning of 2022 amid headwinds caused by the FX crunch and soaring inflation
Posted inDEBT WATCH
Contact Financial closes EGP 1.5 bn securitized bond issuance
Contact Financial Holding has closed an EGP 1.5 bn securitized bond issuance for subsidiaries in its consumer finance portfolio, including Contact Credit, the company said in a statement (pdf). The non-banking financial services went to market with a three-tranche issuance backed by an EGP 2.5 bn portfolio rated AA+, AA, and A from the Middle […]
Posted inLEGISLATION WATCH
Parliamentary committee results are in
The House has announced the results of the parliamentary committee elections and has a busy season ahead with 11 cabinet draft decisions awaiting its approval
Posted inMoves
Khaled Daader is the new M&A, IR head at Rameda
Daader left his position at Juhayna Food Industries at the end of September.