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Egypt to establish EGP 6 bn company to manage monorail project
Egypt will set up a new EGP 6 bn company to manage the monorail project, Planning Minister Hala El Said…
Sovereign wealth fund capital to quintuple to EGP 1 tn
Speaking of the sovereign wealth fund: Egypt’s SWF will see its initial capital rise fivefold to EGP 1 tn from…
Egypt taps Deloitte to appraise National Investment Bank assets ahead of restructuring
Deloitte to appraise NIB assets ahead of restructuring: The Madbouly government has contracted Deloitte to value the National Investment Bank’s…
National Bank of Egypt to divest stakes in 5-6 companies by end of 2019
PRIVATIZATION WATCH- NBE to divest in 5-6 companies by year end, create opening for private sector investors: The National Bank…
EDF to invest USD 25 mn in KarmSolar this year
M&A WATCH- EDF to invest USD 25 mn in KarmSolar this year: French energy company EDF Renewables is reportedly in…
Ebtikar to set up two consumer finance arms by year end
Ebtikar for Financial Investment is planning to set up two consumer finance arms by the end of the year, the…
Foreign holdings of Egyptian treasuries score USD 15.29 bn in September
Foreign holdings of Egyptian treasuries rose slightly to USD 15.29 bn at the end of September compared to USD 15.06…
Kellogg announces EGP 3.6 bn in new investments in Egypt
INVESTMENT WATCH- Kellogg Company announces EGP 3.6 bn in new Investments in Egypt: Cereal and snack maker Kellogg Company earmarked…
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