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THIS EVENING: Egypt closes second Samurai bond issuance + It’s interest rate day
Good afternoon friends, it is finally Thursday. The news cycle has not ended yet as we are waiting, with bated…
Auto sales at their highest level in a year in September
Passenger car sales drove the continued rebound
CBE expected to hold interest rates when it meets later today.
Six of nine analysts surveyed by Enterprise expect the CBE to leave rates unchanged
Sky, Reliance Logistics in talks with BdC to fund multipurpose terminal at East Port Said port. Plus: Banque Misr land sale
Plus: The Egyptian Holding Company for Silos and Storage wants to borrow EGP 5 bn to fund silo expansion
CBE gets c. USD 1 bn from Chinese Development Bank
The loan will help finance projects agreed upon in the Belt and Road Forum
Our net foreign assets position deteriorated in September
The country’s net foreign assets positions approached record highs in September
ADQ finalizes acquisition of stakes in state-run petchem, drilling companies
The Emirati wealth fund acquired 25-35% stakes in the three state-run firms for USD 800 mn
Dubai’s taxi business to IPO next month
Dubai’s Road and Transport Authority is looking to raise USD 300 mn from the listing
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