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Infrastructure 
Elsewedy Capital and Ezz El Arab Automotive team up to locally assemble cars
The newly found company aims to annually produce 50k units in the “coming years”
Eagle Hills signs up Hassan Allam to work on new North Coast development. PLUS: New anti-money laundering regs + news from Madinet Masr, Misr Life Insurance and SAIB.
Orascom Construction is also working on the project under a contract signed last week
Afreximbank to lend USD 400 mn for new state-owned fertilizer plant
The plant will cost some USD 1.2 bn to build
Aman Financial Services issues securitized bonds, GlobalCorp plans new issuance
New issuances are up more than 2x on last year in EGP terms
Happy Eid — We’ll see you back here next Tuesday
Watch this space on fresh renewables targets, pan-African payments, and the privatization program
El Sisi to meet with EU’s top diplomat + Egypt co-hosts global fundraiser for Sudan
EU’s Josep Borrell yesterday pledged EUR 20 mn to help Egypt with Sudanese refugees
New finance for Air Cairo + IFC support for microlenders
AfreximBank is lending USD 44 mn to help fund new planes for Air Cairo
EBRD lends USD 40 mn to Angel Yeast to up local production
The European Bank for Reconstruction and Development (EBRD) is lending USD 40 mn to the Egyptian branch of China-based yeast…
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