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Orascom Investment looks to invest EGP 10 bn in four major sectors over 2 years
INVESTMENT WATCH- Naguib Sawiris’ Orascom Investment Holding aims to invest EGP 10 bn in four sectors within two years,Group CEO…
Orascom Investment approves USD 170 mn loan from Afreximbank
Orascom Investment Holding’s board of directors has approved a USD 170 mn facility from the African Export-Import Bank (Afreximbank), it…
Chinese company to invest USD 300 mn in steel factory in Egypt’s Ain Sokhna
INVESTMENT WATCH- An unnamed Chinese company is looking to invest upwards of USD 300 mn next year in a new…
CBE to terminate forex repatriation mechanism on 4 December
The central bank is going to scrap its special foreign exchange repatriation mechanism next week: The central bank will terminate…
El Sisi holds talks with MbS on Egypt-Saudi investment and joint projects
President Abdel Fattah El Sisi held talks yesterday with Saudi Crown Prince Mohammed bin Salman, who landed in Cairo on…
MbS’ trip to Egypt continues to reign supreme on the airwaves
Saudi Crown Prince Mohammed bin Salman’s visit to Egypt and relations between Cairo and Riyadh once again reigned supreme on…
EIB agrees EUR 250 mn loan to Banque Misr to support SMEs
EXCLUSIVE- EIB inks EUR 250 mn loan to Banque Misr to support SMEs: The European Investment Bank (EIB) has signed…
Regulator green-lights Orascom’s bid for large minority stake in Sarwa
M&A WATCH- Regulator green-lights Orascom’s bid for large minority stake in Sarwa: The Financial Regulatory Authority (FRA) has approved Orascom…
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