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Moves: Tarek Tawfik elected AmCham president
AmCham Egypt has elected Tarek Tawfik (LinkedIn), chairman of the Cairo Poultry Group, as the new president for two years,…
Palm Hills taps market for second securitized offering in less than six months
Palm Hills Developments has approved a EGP 800 mn securitized bond issuance backed by its receivables, the company said in…
Also on our Radar on 27 April 2021
Elsewedy Electric subsidiary signs EGP 870 mn agreement for Delta regional control center: A consortium of Elsewedy Electric’s unit, Elsewedy…
Also on our Radar on 25 April 2021
EFG Hermes Corp Solutions has received some EGP 500 mn-worth of loan requests from brokerages looking to finance margin trades…
What the markets are doing on 22 April 2021
Abu Dhabi is considering selling a 10% stake in power distributor TAQA as it attempts to attract international investment for…
Africa Crest to invest EGP 900 mn in two schools this year
Dubai-based Africa Crest Education is dusting off plans to invest EGP 900 mn in Egypt this year to establish two…
Aldar to begin DD on Sodic “within days” -Magued Sherif
The UAE’s Aldar Properties is expected to begin due diligence on EGX-listed Sodic “within days” as it seeks a majority…
The secondary market for homes just got interesting to NBFS players — and to tech
Real estate startups Isqan.com and Qasatli have partnered up to provide installment plans to online homebuyers, Isqan said in a…
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