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Egypt’s foreign reserves inches up USD 10.5 mn USD 47.0 bn in November
FX reserves rose to USD 36 bn in November
United Bank will make its EGX debut tomorrow
Good morning, folks. We’re only two days into the workweek, but important local business news and updates — not to…
Abu Qir Fertizers’ looks to green hydrogen to help power ammonia plant. PLUS: Exxon Mobil, Instapay, Egypt Post, Abu Auf, Ezz Elarab,
The 12-month project is also expected to up production 100 tons to 1.2k tons a day
Holding Company for Roads and Bridges looks to secure USD 500 mn worth of Iraqi rail projects. PLUS: Mermec, Fawry, Amoun + Atlas, EBRD + CIB
Iraq has a plan to spend USD 100 bn on infrastructure over the next three years
Tamweel Mortgage Finance, AT Lease close securitized bond issuances
The two transactions bring the total value of securitized bonds issued in Egypt this year to more than EGP 32.9…
Banque Misr concludes Egypt’s first ever public sector online real estate auction with Belmazad
The bank plans to leverage the platform’s current system and know-how to scale digital auctioning to the national level
United Bank’s retail tranche 59x oversubscribed as subscription period closes
The offering’s private placement also finished oversubscribed, with the subscription covered 6x
NBE and Banque du Caire report solid bottomline growth
NBE’s net income surged 146% y-o-y in 2Q 2024
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