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Infrastructure 
EgyptAir places big Airbus order. PLUS: News from SODIC, Afreximbank, Hayat, Cleopatra Group
AVIATION- EgyptAir has placed another big order for new aircraft. National flag carrier EgyptAir has placed an order for 10…
Fawry, Contact Financial, GB Corp + Rameda report 3Q 2023 results
FAWRY REPORTS RECORD REVENUES- Another strong quarter for Fawry:EGX-listed e-payments giant Fawry more than doubled its adjusted net income to…
Palm Hills to break ground on EGP 65 bn development in mid-2024
The developer is also eyeing a EGP 5.5 bn loan to finance its Badya project
Infinity Power inks big Senegal contract. PLUS: Kuwaiti oil, digital banks, and aircraft
The battery energy storage system will supply Senegal with 40 MW of clean energy
Fitch cuts bank credit ratings following sovereign downgrade
Fitch, S&P and Moody’s have all downgraded Egypt’s sovereign rating over the past month due to rising debt concerns
Kuwait rolls over USD 4 bn CBE deposit -report
The two-tranche deposit is now set to mature in April and September next year
THIS EVENING: Kuwait tops up USD 4 bn deposit with CBE before next year’s expiry date + DP World’s Sokhna logistics zone to begin construction this month
Good afternoon, friends, and welcome to this busy Monday as fresh FX and investment updates are hitting our news cycle.…
FinMin secures USD 500 mn bank loan from Deutsche Bank, Bank ABC
Fresh funds are on their way: The Finance Ministry has secured a USD 500 mn syndicated loan from Deutsche Bank…
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