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Your top 5 pieces of business and economic news in August
Your top 5 pieces of business and economic news in August: Egypt’s non-oil private sector contracted at its slowest pace…
Health, financial services among four new sub-funds announced by Sovereign Fund of Egypt
The Sovereign Fund of Egypt (SFE) has set up four sub-funds covering healthcare, financial services, tourism and real estate, and…
Unnamed NBFS firm enters race for Blom Bank Egypt
M&A WATCH- Competition for Blom Bank acquisition could heat up as third potential suitor enters the race: Another foreign financial…
The future of SWFs is at risk as covid-19 turns the industry on its head
The future of SWFs is at risk as covid-19 turns the industry on its head: Sovereign wealth funds (SWFs) around…
Foreign holdings of Egyptian t-bills rebound in June after fourth straight month of decline
Foreign holdings of Egyptian t-bills rebounded in June following four straight months of decline, according to CBE data (pdf) released…
Ordera raises six-figure USD in seed funding from Alex Angels, Daal and AUC Angels
STARTUP WATCH- On-demand food booking startup Ordera has raised a six-figure USD investment from Alex Angels, Saudi venture capital fund…
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…
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…
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