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Gogreen to temporarily list 1.4 bn shares on the EGX starting today. PLUS: News from Saudi Egyptian Developers, EETC, Juhayna
The company will list 1.4 bn shares on the bourse at a nominal value of EGP 0.10
EBRD extends USD 130 mn loan to Coca-Cola HBC Egypt
The loan will be complemented by a USD 750 grant
A new Sokhna terminal is underway. PLUS: News from UAE’s Hala, Elsewedy Electric, AMEA Power, EgyptAir
The new terminal should be fully operational in 18 months
Madbouly’s presser after the new government’s first cabinet meeting caught the attention of the talk shows
Madbouly addressed “all pressing concerns, from power load shedding and its end date, to fuel prices and their expected rise,”…
Eni looks to up production with plans to drill new wells. PLUS: IBRD allocates loan to help develop railway line, Madinet Masr taps construction company to work on Sarai
Back in April, it was reported that Eni had slowed down exploration operations in Egypt
Coffee With: Matteo Patrone, VP of banking at the EBRD
Patrone touched down in Egypt last week to attend the Egypt-EU Investment Conference
Japan’s Saraya mulls another two SCZone projects. PLUS: Yacht tourism, City Lab + Cairo Clinical Labs, Afreximbank, Instapay, Mermec, Kima, Exits, Eagles Fert, Sky Abu Dhabi, Azimut
The projects would come as part of the second phase of the company’s USD 25 mn investment plan in Egypt
Egypt’s USD bonds top EM index as new cabinet sworn in
The new Madbouly cabinet was sworn in yesterday before President Abdel Fattah El Sisi at the Ittihadiya Palace
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