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Egypt’s parliament approves Senate bill, USD 50 mn EBRD loan agreement
LEGISLATION WATCH- We’re officially getting a Senate again: The House of Representatives’ general assembly signed off yesterday on a bill…
House committee approves USD 2.8 bn covid-19 IMF funding
LEGISLATION WATCH- House committee approves USD 2.8 bn covid-19 IMF funding: The House Economic Committee approved Egypt’s agreement with the…
Speed Medical will acquire City Labs in the coming months
M&A WATCH- Speed Medical (SPMD) is set to acquire 100% of City Labs in the coming months once SPMD completes…
Egypt’s foreign reserves slip again in May, but at a slower pace
Foreign reserves slipped again in May, but at a slower pace: Foreign reserves edged down USD 1 bn to USD…
Egypt’s stocks nearly 5% higher after early SBA agreement
EGX rallies nearly 5% on news we reached a preliminary agreement for more IMF funding: The EGX30 rose 4.6% in…
AfreximBank could give Egypt’s banks up to USD 750 mn of credit facilities
AfreximBank is looking at extending USD 500-750 mn worth of credit facilities to local state-owned and private banks to help…
Elsewedy Electric eyes EGP 800 mn-1 bn loan for 6 October Dry port
Elsewedy Electric is in talks with local banks to arrange a loan between EGP 800 mn and EGP 1 bn…
IMF gives initial nod to USD 5.2 bn in fresh funding to Egypt
IMF gives initial nod to USD 5.2 bn in fresh funding to Egypt: The IMF reached a staff-level agreement to…
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