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THIS EVENING: Eastern Company sells 30% stake for EGP 16.4 bn to UAE-based Global Investment Holding
Good afternoon friends and happy Thursday. We have a smattering of privatization updates as our news cycle winds down over…
Criticism of the (slow pace of) privatization, an airport cyberattack, and Gaza blanket the airwaves
Lamees El Hadidi interviews US Middle East humanitarian envoy David Satterfield
The developer of the new capital has received offers to advise on its planned IPO
Good morning, friends. It’s a reasonably brisk morning for news: Lamees El Hadidi tore a strip off policymakers last night…
Egypt central bank, Kuwait wealth fund to divest 40% of AAIB
The sale is expected to take place in 2024
Sovereign Fund of Egypt to finalize hotels sale this year -Soliman
A consortium of Talaat Moustafa Group and unnamed foreign investors agreed to buy a 37% stake in the government’s hotels…
A case for optimism on the EGP
Some USD 8 bn could be raised in the coming months via asset sales, liabilities agreements, and government initiatives
Privatization, green hydrogen, labor law feature prominently as Madbouly government talks up its legislative agenda
The government have 58 draft laws on its priority list
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
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