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Swedish appliances manufacturer Electrolux to exit Egypt
The Zanussi manufacturer will sell all of its brands and assets in Egypt as part of global “reprioritization” plans
MTI to acquire 40% of B Investments’ B Pharma
The transaction values B Pharma at around EGP 512.5 mn
Beltone’s record EGP 10 bn capital increase closes, sees foreign institutions take stakes
Second phase of rights issue was c. 5.5x oversubscribed
Foreign investors are interested in Banque Misr’s digital bank
The bank has applied for a digital banking license following the new regs that were published last week
Our FDI inflows more than doubled last year
Cross-border M&A sales, greenfield projects, and international project finance transactions all grew last year
ACWA Power receives land in Sohag for 10-GW mega wind farm
Sohag could be home to 25 GW of wind generation capacity if all three planned wind farms get built; Egypt…
EIB could provide USD 300 mn for new rail line. PLUS: Madinet Masr acquires Minka, Tenth of Ramadan dry port, green methanol, new freezones incoming
The EBRD has provided EUR 40 mn to help fund the line, which will be used for freight and passenger…
The government wants to relax foreign ownership rules on real estate to raise FX
The move is part of a raft of decisions recently approved by the government’s new investment council
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