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Egypt signs EGP 4.3 bn Gulf of Suez wind power plant agreement with Vestas
INVESTMENT WATCH- Egypt, Vestas ink EGP 4.3 bn Gulf of Suez wind power plant agreement: The New and Renewable Energy…
Beltone to launch three NBFS firms next month, eyeing return to profitability
Beltone Financial Holding will set up three new non-banking financial companies in September in a bid to return to profitability,…
House of Representatives signs off on law restructuring Egyptian Endowments Authority; covid-19 financing packages
Draft law to restructure the Egyptian Endowments Authority gets preliminary sign-off: The House general assembly yesterday approved in principle a…
Could we be getting more clarity on the fate of Egypt’s state privatization program this month?
PRIVATIZATION WATCH- Could we be getting more clarity on the fate of the state privatization program this month? Finance industry…
Earnings Watch: Orascom Development Egypt, Rameda, Fawry, B Investments, Raya, Beltone, ADIB, Oriental Weavers, GSK
EARNINGS WATCH- Rameda Pharma reported 54% bottom line growth in 2Q2020, with net profits rising to EGP 19.9 mn from…
Makwa raises six-figure investment from unnamed angel investor
STARTUP WATCH- Laundry and dry cleaning services startup Makwa has secured a six-figure investment from an unnamed angel investor, the…
EIB could extend EUR 750 mn in covid finance to Banque Misr for SME lending
The European Investment Bank (EIB) could provide Banque Misr with as much as EUR 750 mn for on-lending to SMEs,…
Zarou plans USD 1 bn investment in energy projects
INVESTMENT WATCH- Zarou plans USD 1 bn investment in energy: Blackstone Group’s energy developer, Zarou, will invest USD 1 bn…
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