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Hong Kong’s Handa to invest USD 100 mn in Egypt jute textiles factory
INVESTMENT WATCH- Hong Kong-based textiles manufacturer Handa Enterprise in planning to invest USD 100 mn in an idle jute products…
Hassan Allam signs USD 20 mn loan with EBRD for investments in Egypt’s water, wastewater sector
Hassan Allam signs USD 20 mn loan with EBRD for water, wastewater investments: The European Bank for Reconstruction and Development…
Egypt’s Tharaa establishes a USD 20 bn investment platform with Abu Dhabi Holding Company
Tharaa, Egypt’s sovereign wealth fund, to establish a USD 20 bn investment platform with Abu Dhabi Holding Company: Egypt and…
Central Bank of Egypt cuts interest rates by 100 bps
CBE cuts rates by 100 bps, in line with market expectations: The Central Bank of Egypt’s Monetary Policy (MPC) cut…
Tamweely seeks EGP 300 mn in loans from two Egyptian banks
Tamweely Microfinance is negotiating with two unnamed banks to borrow EGP 300 mn to increase its women-focused funding portfolio and…
Apicorp acquires 24% equity stake in Al Khorayef United Holding
M&A WATCH- Apicorp acquires 24% stake in Al Khorayef United Holding: The Arab Petroleum Investments Corporation (Apicorp) has acquired a…
Egypt passes Investment Act exec regs amendments to collect data on foreign investment
LEGISLATION WATCH- Investment Act amendments require public, private entities to submit data on foreign investment assets to GAFI: Prime Minister…
Elaj in talks to acquire Euro Mena II’s stake in Egypt’s International Eye Hospital
M&A WATCH- Saudi’s Elaj in talks to acquire Euro Mena II’s stake in International Eye Hospital: Elaj Group has entered…
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