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Egypt seeks funding for Lake Victoria-Mediterranean river link studies
Egypt seeks funding for Lake Victoria-Mediterranean river link: Egypt and several Nile Basin countries are on the lookout for USD…
From Fertiglobe to yet another regional VC fund, it’s a relatively quiet start to the week for global markets
Trading of Fertiglobe’s shares is due to begin tomorrow on the ADX, after the fertilizer producer raised some USD 795…
Palm Hills board signs off on EGP 1 bn securitized bond issuance
Palm Hills Developments (PHD) will issue EGP 1.1 bn in securitized bonds, after the property developer’s board signed off on…
Sodic obtains EGP 1.57 bn credit facility to finance Sodic West
Upmarket real estate developer Sodic has obtained a EGP 1.57 bn credit facility from the Arab African International Bank and…
THIS EVENING: Egypt, Greece to build subsea cable + High-speed rail line is on “fast track.” ALSO: Flames put out at El Gouna Film Festival Venue
…and that’s a wrap on what has felt like a particularly long Wednesday, ladies and gentlemen. We’ll be back in…
THIS MORNING: New real estate industry regs in the works? Plus: IMF’s Kristina Georgieva gets a reprieve.
Good morning, wonderful people, and welcome to hump day. We had crazy thunder and lightning overnight, accompanied by light rain.…
FX reserves inch up in September. Plus: Taxing influencers and IDH launches a new radiology location
Egypt’s foreign currency reserves inched up USD 153 mn in September, reaching USD 40.83 bn from USD 40.67 bn in…
Palm Hills to borrow EGP 2.5 bn for New Cairo project
A Palm Hills Development (PHD) subsidiary will borrow EGP 2.5 bn from Banque Misr and the National Bank of Egypt…
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