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VAT break on pharma imports to prevent shortage. PLUS: More AfDB money for water, Tatweer Misr eyes KSA,
This is the latest measure aimed at beefing up stocks of raw materials and products for the pharma sector
EFG Hermes Holding is now EFG Holding
EFG Hermes Holding has officially rebranded to EFG Holding after the company’s shareholders signed off on the change during last…
FinMin to take USD 500 mn panda bond issuance to market in 3Q 2023
The ministry delayed the issuance due to volatile market conditions
Fed “less certain” about further rate hikes
Some Fed members thought the May meeting would be the final time the central bank would hike rates
Orascom Construction, Metito to build USD 2.4 bn desalination plant in Abu Dhabi. PLUS: Standard Chartered eyes Egypt, FX crisis hits Arab Alloys industrial complex
The project will process more than 500k cbm of seawater per day
Valuations among newly-listed companies are low — and private equity expects them to stay that way
Most private equity follow-on offerings this year have been below the companies’ IPO prices
AfDB mobilizes USD 2.2 bn to bolster Egypt’s water security
The funding will support desalination and water treatment plants for agriculture
Adnoc ups offering of logistics arm amid huge investor demand
The company could raise as much as USD 769 mn from the IPO
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