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Infrastructure 
SFE gets the ball rolling on power plant stake sale
Beni Suef power plant the first to go to SFE’s pre-IPO fund? The Siemens-built, 4.8 GW combined-cycle power plant in…
THIS EVENING: External debt drops + Beni Suef plant the first to go to SFE’s pre-IPO fund? Plus: BoE stands its ground on bond buying deadline
Happy almost-THURSDAY, friends. We’re almost at the finish line for the week, but the news cycle shows no signs of…
Investors show interest in state-owned hotels
Investors are lining up to snag shares in state-owned hotels: Several unnamed international investors and investment funds have submitted offers…
OIH is planning four new hotels
Orascom Investment Holding (OIH) has earmarked USD 200-300 mn to build four new hotels — two in the North Coast,…
Last Night’s Talk Shows: New foreign withdrawal limits + More on privatization
New foreign withdrawal limits imposed by some local banks headlined last night’s talk shows. Veteran banker Sahar El Damaty urged…
Current account narrows in FY 2021-2022 despite turbulence
Egypt’s current account deficit narrowed by 10.2% to USD 16.6 bn in FY 2021-2022, buoyed by oil and non-oil exports,…
THIS EVENING: OIH plans to invest USD 200-300 mn in four new hotels, Naguib says + Putin formalizes Russia’s annexation of Ukrainian territories
Happy long weekend, ladies and gentlemen. It’s the end of the workweek here in Omm El Donia as we kick…
Algebra Ventures nets USD 100 mn first close on second fund
Venture capital firm Algebra Ventures’ second fund has reached a USD 100 mn first close, surpassing the USD 90 mn…
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