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Naguib Sawiris-owned Ora looks to debt market to finance projects
DEBT WATCH- Naguib Sawiris’ Ora Developers is looking to issue bonds and take out more loans to finance its real…
Egypt to invest EGP 134.2 bn in seawater desalination plants through 2050
Egypt is investing some EGP 134.2 bn through 2050 to build seawater desalination plants that would give us 6.4 mn…
CIB, MNHD sign EGP 1.1 bn syndicated loan agreement
Our friends at CIB will be leading a consortium to arrange a EGP 1.1 bn syndicated loan for Madinet Nasr…
Hyper One inaugurates EGP 650 mn new branch on Cairo-Alex road
Hyper One supermarket has opened a new 50k sqm location in New Sphinx City on the Cairo-Alexandria desert road, Mohamed…
Egypt will deploy army if necessary to handle building code violators -El Sisi
Egypt will deploy army if necessary to handle wildcat builders -El Sisi: President Abdel Fattah El Sisi threatened to use…
Amer Tourism Development denies scrapping plans New Sohag City land
Amer Group subsidiary Amer Tourism Development denied in an EGX disclosure (pdf) that the company lost interest in buying a…
Egypt in the news on 27 August 2020
It’s a quiet morning for Egypt in the international press, which is not a bad way to start the weekend,…
Did state megaprojects cushion the unemployment blow from by covid-19?
Did state megaprojects cushion the unemployment blow by covid-19? While unemployment has accelerated since the onset of the covid-19 pandemic,…
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