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Mercedes’ local partner plans EGP 1 bn bond issuance to enter EV market
A EGP 1 bn bond issuance could help Mercedes’ local partner enter the EV market: The National Automotive Company (NATCO)…
New indices to track government bonds coming to a stock exchange near you
The EGX is rolling out a new index for publicly-traded government treasuries that will be up and running later today,…
Egypt expects USD 3-4 bn bond inflows in 2H2021
Egypt expects to see USD 3-4 bn of foreign inflows into the bond market in 2H2021, Beltone Financial’s chief economist…
Securitization market continues to heat up
Egypt’s securitization market shows no sign of sliding into summer vacation. After a slow start to the year, upmarket developer…
New urban development fund greenlit by cabinet
The Madbouly cabinet approved a draft bill last Thursday to launch a new fund to develop urban areas, it said…
Moody’s still likes Egypt, sees economy growing 5.5% this year
Moody’s has affirmed Egypt’s credit rating at B2 with a stable outlook that balances the country’s “significant shock exposure” with…
GSK Egypt recruits Grant Thornton for fair value study + FAB mortgages for Tatweer Misr clients
Grant Thorton assigned to evaluate GSK Egypt’s assets: The board of GlaxoSmithKline Egypt has agreed to hire Grant Thorton as…
Bonyan secures EGP 700 mn in Islamic financing
Compass Capital-owned real estate developer Bonyan for Development and Trade has secured a seven-year EGP 700 mn Islamic financing loan…
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