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Does PIF want more of EIPICO?
Among the other stories we’re paying attention to this morning: PHARMA- EIPICO says it hasn’t been formally told Saudi’s PIF…
The cost of Egypt’s ambitious tourism targets? USD 20 bn, according to the tourism minister
Among the other stories we’re paying attention to this morning: TOURISM- Egypt is going to need USD 20 bn if…
The finance industry should be cheering the ‘upheaval’ at Beltone
Employees at Beltone SME have reportedly resigned en masse in what Bloomberg Asharq reports is opposition to a restructuring being…
Consumer finance player Blnk sells EGP 202 mn in securitized bonds
BNPL lender Blnk has closed a EGP 202 mn securitized bond issuance, the first in a three-year, EGP 2 bn…
Camel Flour Mills acquires majority stake in Five Star Mills
Camel Flour acquires struggling flour producer: Al Moatabar Group’s Camel FlourMills(CFM) has acquired a majority stake in the distressed high-end…
MNT agrees to sell 21.7% stake to Chimera Investments
Chimera snaps up c.22% of MNT Investments: Netherlands-based MNT Investments — which is majority-owned by GB Auto subsidiary GB Capital…
Another subsea cable for our regional data hub ambitions
Telecom Egypt inaugurated its Red2Med submarine cable which runs from Ras Ghareb’s Red Sea to Port Said’s Mediterranean through the…
Contact Financial eyes push into African markets, GCC
Contact Financial Holding wants to expand in Africa, GCC: Contact is looking to step into new markets next year including…
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