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A recap of day two of IFC regional VP’s visit: Fresh financing, advisory service agreements and privatization chatter
The IFC signed an advisory services agreement with the Universal Health Ins. Authority
Growing Gulf investor interest in Egypt is catching the attention of the international press
Both the UAE and Saudi Arabia have reportedly shown interest in the stake sale of Egypt’s military-built petrol station chain…
Gov’t to offload its 46.6% stake in state-owned plastic maker Alamal Alsharif within weeks
The government wants to sell its stake to a strategic investor who will pay in USD.
Ajlan & Bros could invest USD 1.5 bn in tourism project in Ras Gamila
The Saudi company also eyes stakes in several state-owned companies offered in the privatization program
Madbouly government cuts privatization program targets for the year
Finance Minister Mohamed Maait said that the government was looking to raise some USD 6.5 bn as recently as February
Bidding for the second half of the Zafarana wind farm to open in 2H 2024
Good morning, friends. In today’s issue, we’ve got news of the World Bank downgrading our growth forecast for the current…
Half of the proceeds from the privatization program earmarked to reduce public debt -Maait
There will also be no tax increases for investors in the next fiscal year
Nilus to to build two commercial, residential towers on former NDP HQ
The USD 5 bn projects are slated to wrap up in 2Q 2028
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