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The review is set to unlock a USD 1.3 bn tranche from the Fund
Author Archives: enterpriseam admin
Posted inEARNINGS WATCH
EFG Holding reports a 76% y-o-y net income increase in 3Q 2024. PLUS: Qalaa sees revenues rise, income fall
The group recorded a 76% y-o-y increase in net income during the quarter
Posted inStartup watch
Ariika raises USD 3 mn in series A extension funding to fuel regional growth
The funds will drive market expansion in Saudi Arabia and Iraq and enhance product portfolio
Posted inDEBT WATCH
Tamweely raises EGP 782 mn in first securitized bond issuance
The issuance is the first in a EGP 5 bn three-year securitization program
Posted inMoves
Mohamed El Shenawy appointed as new Ittihadiya spokesperson
El Shenawy takes over from Ahmed Fahmy who has held the position for close to two years
Posted inEGYPT IN THE NEWS
United Bank’s IPO catches the attention of of the international press
United Bank’s IPO has caught the attention of the international pages, with Bloomberg and Reuters putting the offering under the spotlight. The offering comes as the Madbouly government “presses ahead with a privatization program being encouraged by the International Monetary Fund,” Bloomberg wrote. Remember: The Central Bank of Egypt-owned lender kicked off its planned offering […]
Posted inAlso on our Radar
Turkish firms Erciyas and Eroglu working on setting up garments, pipeline factories. PLUS: Green Core + Egyptian Electronic Waste Recycling Company, EBRD + Red Sea Wind Energy, Suez Canal Bank + Mint Real Estate Assets, Sympl, Talabat, eNovate
The factory will focus on producing large-pressure pipes with the aim of generating USD 200 mn in revenues
Posted inPLANET FINANCE
ECB warns of Eurozone debt and market instability risks
Rising borrowing costs for some countries are driving concerns that the continent’s more-indebted countries might be facing serious threats to debt sustainability
Posted inMy Morning Routine
Ahmed El Tatawy, director of partnerships and growth at Localized
I focus primarily on building and expanding our network of university partnerships