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NTRA slaps telcos with fines for poor quality
NTRA slaps telecom companies with EGP 25 mn in fines for subpar quality: The National Telecommunications Regulatory Authority (NTRA) has…
10 Egyptian peacekeepers wounded in CAR
Getting attention in the international press this morning: Gunfire wounded 10 Egyptian police officers serving as peacekeepers with a UN…
Cairo Metro Line 1 is getting 55 new subway trains from Alstom
French train manufacturer Alstom will manufacture and supply 55 new trains for Cairo Metro Line 1 under a contract approved…
Madinet Nasr to acquire real estate firm Minka, gets new CEO as part of the transaction
Madinet Nasr Housing and Development (MNHD) is looking to acquire real estate firm Minka Development for EGP 200-220 mn, the…
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…
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