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Palm Hills signs EGP 1.1 bn medium-term loan agreement with CIB to refinance debt
DEBT WATCH- Palm Hills Developments (PHD) has signed a EGP 1.1 bn medium-term loan agreement with CIB to refinance some…
What we’re tracking on 19 December 2019
A little bit of good news before we get underway: The first charter flight to Sharm El Sheikh from the…
Bank Audi could invest alongside Egypt’s SWF
Bank Audi yesterday discussed potential investments with the Sovereign Fund of Egypt, Al Mal reports, without providing further details. The…
Evergrow to receive USD 150 mn loan to restructure debts
Egyptian fertilizer manufacturer Evergrow has reached an agreement with four local banks for a USD 150 mn loan to restructure…
Innoventures launches EGP 100 mn tech startup investment fund
Innoventures has established a EGP 100 mn investment fund to invest in local tech startups, partner Rafik Dalala told Al…
CBE confirms EGP 50 bn tourism support program
CBE confirms EGP 50 bn tourism support program: The Central Bank of Egypt (CBE) will increase tenfold the funding it…
CBE to ink contracts with United Bank sale advisors EFG Hermes, Evercore in two weeks
M&A WATCH- CBE to ink contracts for United Bank sale with advisors EFG, Evercore in two weeks: The Central Bank…
Banque du Caire to offer 49% stake by 1Q2020
IPO Watch- Banque du Caire to offer up to 49% in 1Q2020 IPO: State-owned Banque du Caire (BdC) could sell…
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