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PRIVATIZATION + ECONOMY NEWS: Eastern Company tapped for a new majority shareholder + Where do we stand with the IMF?
Good morning, friends, and HAPPY FRIDAY. We hope that you had a productive week and have plans in place to…
Arm scales back IPO
But it’s still on course to be the world’s biggest IPO this year
EBRD appoints new East Med director
Gretchen Biery will lead the bank’s operations in Jordan, Lebanon, and the West Bank and Gaza
To review or not to review?
The IMF postponed the first review of the USD 3 bn program in March after the government failed to meet…
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
More EBRD funding in the pipeline
The loan is set to be approved on 12 September
Shoukry talks regional issues with US Secretary of State Blinken
Plus: Conversations about water security with the World Bank and tourism with the South Korea’s ambassador to Egypt
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