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Infrastructure 
EBRD mulling USD 200 mn loan for Hassan Allam Utilities and ACWA Power’s 1.1 GW Gulf of Suez wind farm
When operational, the project will offset 2.4 mn tons of carbon dioxide annually and produce enough power for nearly 1.1…
CI Capital’s micro-financing arm raises EGP 884 mn in second securitization issuance
The three-tranche issuance had tenors ranging from 6-18 months
Eastern Company hikes cigarette prices for the fourth time this year. PLUS: News from Palm Hills, Misr Petroleum, GASC
The increase came in response to the Finance Ministry enacting the law that allows companies to raise prices by 12%…
IMF begins its fourth review of Egypt’s USD 8 bn program
The review could unlock USD 1.3 bn in funds — the biggest tranche of the program so far
Cairo Housing’s bid for a larger stake in United Housing moves forward. PLUS: News from Eastern Company, EverGrow, GASC
Cairo Housing and Development last month announced that it would submit an MTO for a stake in United for Housing…
Tasaheel raises EGP 3.92 bn from third securitized social sustainability bond issuance
The transaction marks Tasaheel’s third bond issuance as part of the program, which kicked off in January
IMF lowers MENA growth forecast amid regional conflicts and oil cuts
The IMF revised its growth forecast for the region downward to 2.1% this year, and 4% in 2025
Saudi Egyptian Developers secures EGP 4.4 bn from eight banks
PLUS- The EBRD will provide CIB with a EUR 25 mn unfunded financial guarantee for SME loans
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