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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
Misr Life Ins. has a mystery Emirati suitor
The SFE wants to keep a controlling stake in Misr Life Insurance
Maersk, Actis make progress on Zafarana, Gabal El Zeit wind farms acquisition bids
The sale of the two facilities will bring hundreds of mns of USD into the state’s coffers
Qatar Islamic Bank, Kuwait Finance House wrap up due diligence on United Bank
The sale could reportedly reel in the USD equivalent of EGP 22 bn
Gov’t to launch international tender to manage Egypt’s airports
The ministry wants to increase traffic at the Hurghada and Sharm El Sheikh airports to 10 mn passengers this year
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