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Amer Tourism Development scraps plans to buy New Sohag land
Amer Group subsidiary Amer Tourism Development Company is reportedly no longer interested in purchasing a 50 acre land plot in…
Palm Hills Development to issue EGP 1.5 bn of securitized bonds this year
Palm Hills Development to issue EGP 1.5 bn worth of securitized bonds this year: Palm Hills Developments (PHD) is planning…
House gives final nod for tougher penalties in Electricity Act, Eminent Domain Act
MEGA LEGISLATION WATCH- House gives final approval to new Customs Act, paving the way for expedited clearance: The House of…
Egypt’s PHD to write off LSE-listed GDRs
PHD to write off its LSE-listed GDRs: Palm Hills Development’s (PHD) extraordinary general assembly has approved canceling its London Stock…
What we’re tracking on Monday, 24 August 2020
It’s an unusually heavy news day for a Monday, and on the whole the news is generally good as we…
Amer to acquire EGP 1 bn loan from unnamed Egyptian bank
Amer Group is closing in on an agreement for a EGP 1 bn loan from an unnamed local bank to…
Madbouly inaugurates new USD 100 mn shipping line in New Alamein oil port
Prime Minister Mostafa Madbouly inaugurated the new USD 100 mn marine shipping pier extension in Al Hamra Specialized Petroleum Port…
The CBE appears to be edging toward renewal of a six-month payment holiday for businesses most affected by covid-19
The CBE appears to be edging toward renewal of a six-month payment holiday for businesses most affected by covid-19. Commercial…
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