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Catch some rays
The US really wants us to go solar: The US will step up funding to Egypt to accelerate our shift…
AfDB to give us another EUR 83 mn for electricity reforms, energy efficiency
The African Development Bank (AfDB) has approved an EUR 83 mn loan to support the development of Egypt’s power infrastructure,…
Shocking nobody, Kima needs to restructure its debts
The Egyptian Chemical Industries (Kima) is in talks with a syndicate of six local banks to restructure EGP 6.8 bn…
US corporate debt now equals half of US GDP
Don’t look at the mountain of US corporate debt: Total corporate debt in the US has risen to USD 11.2…
IFC could invest USD 300 mn in healthcare
New IFC funding for healthcare in the works? The International Finance Corporation (IFC) is considering lending another USD 300 mn…
Juhayna's former chairman sees detention extended + Contact Financial wants in on the central bank’s mortgage program
Juhayna's ex-chairman’s detention extended: The State Security Criminal Court has ordered that Juhayna's former Chairman Safwan Thabet’s detention be extended…
TONIGHT: We’re waiting on Egypt's draft budget. + More from G7 summit. ALSO: Eastern Company isn’t selling securitized bonds.
Good afternoon friends, and welcome to the start of another busy work week. Between the G7 meetings and the heads…
State banks get plenty of funding from global lenders
Banque du Caire (BdC) signed a financing agreement worth USD 200 mn with the African Export-Import Bank (Afreximbank), chairman and…
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