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CI Capital, Compass launch Egypt’s first onshore private equity fund
PLUS- Alshams for Contracting is eyeing USD 120 mn worth of projects in Iraq
E-finance’s adjusted net income rises 36% y-o-y in 2024
PLUS- Contact Financial Holding saw its normalized net income in 2024 grow 6% y-o-y
Beltone Leasing and Factoring signs EGP 4 bn syndicated leasing term sheet with Al Qalaa Al Hamraa
The move will help Al Qalaa Al Hamraa finance the construction of Al Ahly Club’s stadium and sports city
Minimum capital requirements for ins. companies raised in response to deprecating EGP
The new capital requirements for insurance firms take paid-up and issued capital to EGP 600 mn within two years
ExxonMobil discovers natural gas at its first ever offshore well in Egypt. PLUS:Alqahtani Holding + Tanmia Petroleum + Enppi + Petrojet, Alstom, CI Capital, Misr Beni Suef Cement
The size of the find has yet to be determined, but pre-drill estimates came in at around 3.5 tn cubic…
Raseedi completes full acquisition of nanocredit outfit Kashat
The company plans to expand into Morocco within 12 months, CEO Ahmed Atalla told us
Suez Canal extension trial run opens the door for up to eight additional vessels per day. PLUS: Aman + Jarir Bookstore + Al Manea, Eni, Telecom Egypt
The extension increases the length of the canal’s two-way section to 82 km — up from 72 km
Beltone eyes majority stake in African financial services provider Boabab through put option agreement
The acquisition is set to drive Beltone’s regional growth strategy through expansions in Africa
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