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OECD intends to raise Egypt’s rating as an investment-friendly destination
OECD to declare Egypt an investment-friendly destination: The Organization for Economic Cooperation and Development (OECD) is intending to raise Egypt’s…
DEVELOPMENT
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Emaar vs. El Nasr dispute resolved, minister says
Emaar vs. El Nasr dispute resolved, minister says: A settlement has been reached between Emaar Misr and state-owned El Nasr…
New president of Industrial Development Authority
MOVES- Magdy Ghazi was appointed the acting head of the Industrial Development Authority (IDA) by decree of the Madbouly Cabinet,…
NUCA to receive EGP 20 bn syndicated loan, to issue EGP 10 bn-worth of bonds
The New Urban Communities Authority (NUCA) is set to sign a EGP 20 bn syndicated loan agreement with local banks…
FRA grants SODIC grace period to submit MTO for MNHD acquisition
M&A WATCH- FRA grants SODIC 60-day grace period to submit MTO for MNHD acquisition: The Financial Regulatory Authority (FRA) has…
EBRD preliminarily agrees to lend EUR 400 mn to Egypt’s Damietta Port Authority
The European Bank for Reconstruction and Development (EBRD) has agreed in principle to lend EUR 400 mn to the Damietta…
National Egyptian football gets attention in foreign press
Football is also getting attention from the international media: The Egyptian Football Federation (EFA) is building a new headquarters and…
ODH enters agreement with Chairman Samih Sawiris for stake purchase in ASA
Orascom Development Holding (ODH) has entered an agreement to purchase an additional 1% and one share of Andermatt Swiss Alps…
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