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Canal Sugar plans new USD 200 mn grain terminal in Damietta
INVESTMENT WATCH- Canal Sugar plans new USD 200 mn grain terminal in Damietta: Al Ghurair Group’s Canal Sugar is planning…
More investment planned between Egyptian and Chinese companies
More investment, cooperation planned between Egyptian and Chinese companies: The Chinese Council for Promoting South-South Cooperation (CPSSC) intends to increase…
BofA sees “mildly more flexible” USD / EGP rate on the horizon for Egypt
BofA sees “mildly more flexible” USD / EGP rate on the horizon: The USD / EGP rate could be “mildly…
NI Capital to select quarterback for Sidpec stake sale in September
IPO WATCH- NI Capital to select quarterback for Sidpec stake sale in September: State investment bank NI Capital will announce…
Pharos-RenCap consortium picked as financial advisor for e-Finance IPO
IPO WATCH- Pharos-RenCap consortium lands financial advisor job in e-Finance IPO: Our friends at Pharos have been chosen to act…
IMKAN allocated EGP 5 bn, 166-acre New Cairo land plot
IMKAN Properties, a subsidiary of the UAE’s Abu Dhabi Capital Group (ADCG), has been allocated a EGP 5 bn, 166-acre…
Gulf Capital pulls away from plans to acquire Egyptian cheesemaker Arab Dairy
M&A WATCH- Gulf Capital pulls away from Arab Dairy takeover plans: UAE-based Gulf Capital’s GC Equity Partners III fund has…
Egypt’s current account deficit to continue to widen as trade balance deteriorates -Fitch
We may be close to finishing the IMF program, but our trade balance isn’t looking much better: Egypt’s current account…
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