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EIB could extend EUR 750 mn in covid finance to Banque Misr for SME lending
The European Investment Bank (EIB) could provide Banque Misr with as much as EUR 750 mn for on-lending to SMEs,…
Zarou plans USD 1 bn investment in energy projects
INVESTMENT WATCH- Zarou plans USD 1 bn investment in energy: Blackstone Group’s energy developer, Zarou, will invest USD 1 bn…
In line with consensus, Central Bank of Egypt leaves rates on hold in August meeting
CBE leaves rates on hold, in line with expectations: The Central Bank of Egypt (CBE) left interest rates unchanged for…
Moves: Court of Cassation, TPay Mobile, Prime Holding
MOVES- Judge Abdallah Shoda was sworn in yesterday before President Abdel Fattah El Sisi as the new head of the…
Banque du Caire IPO on hold until 2021
IPO WATCH- Banque du Caire’s IPO isn’t happening before 2021: State-owned Banque du Caire’s (BdC) plans to debut on the…
What we’re tracking on 13 August 2020
It’s a relatively slow news day this morning as we slide into the weekend, suggesting that we’re in the thick…
The EGX is allowing investors to short smaller companies
The EGX is allowing investors to short smaller companies: The EGX yesterday approved plans to allow investors to short smaller…
Egypt’s Glamera raises six-figure investment from Saudi’s Dual Gate Investment
STARTUP WATCH- Cairo-based beauty services startup Glamera has raised a six-figure USD investment from Saudi’s Dual Gate Investment Holding, according…
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