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CIB teams up with Delta Payments to facilitate app-based electricity bill payments
CIB has signed an agreement with Delta Payments company to enable its smart wallet customers to charge prepaid electricity meters…
Egypt in the News on 8 September 2020
Topping coverage in the foreign press this morning: Authorities have arrested six witnesses as part of the investigation into the…
OIH will split into two companies: One running financial services, the other with all other investments
DEMERGER WATCH- Who gets what as OIH splits in two? The Financial Regulatory Authority (FRA) has approved Orascom Investment Holding’s…
SFE in talks with investors, traders to develop EuroAfrica electricity link
SFE in talks with investors, energy traders to develop EuroAfrica electricity link: The Sovereign Fund of Egypt (SFE) has opened…
Egypt’s credit rating is vulnerable to water risks -Fitch
Egypt’s sovereign credit rating is “particularly” exposed to water stress and drought risks, Fitch Ratings suggests. This comes as water…
SFE officially launches financial services sub-fund
INVESTMENT WATCH- SFE officially launches its first sub-fund dedicated to financial services: Planning minister and chairperson of the Sovereign Fund…
Gov’t extends timeline to privatize electricity sector by two years
CABINET WATCH- Gov’t extends timeline to privatize electricity sector by two years: The Madbouly Cabinet has extended by two years…
Egyptian-Chinese consortium wins Ain Sokhna–Alamein high-speed rail contract
Egyptian-Chinese consortium wins Ain Sokhna-Alamein high-speed rail contract: An Egyptian-Chinese consortium has won a tender for the design, finance and…
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