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PIF returns to market in first post-float investment, aims to take CIRA Education private in partnership with founders
CIRA will become PIF’s regional education champion, looking to grow in Egypt and beyond
Telecom Egypt eyes USD 500 mn loan from Chinese lender. PLUS: Credit Agricole, Hyundai Rotem, UK Export Finance, ADES, Haier, Islamic Trade Finance Corporation, EgyptAir, Matouk Bassiouny
The company will reportedly pay for the loan in CNY given that a portion of its revenue stream originates from…
Cabinet approves USD 88 mn auto cables plants, ATIDI membership, fresh foreign assistance
The factory will earmark a sizable portion of its output — made using 60% locally-sourced materials — to exports
US International Development Finance Corporation mulls financing Actis’ Gabal El Zeit acquisition. PLUS: Saudi SMEs to expand in Egypt, The HUB plan new frozen food factory, UAE’s Horizon Egypt eyes North Coast project
This comes only a few weeks after the European Bank for Reconstruction said it was reviewing a proposed loan for…
Egypt, Belarus ink agreements to boost trade and investment
The agreements include an MoU to boost investment in each other’s stock markets
Chinese USD 146 mn iron pipes factory breaks ground. PLUS: A Thai USD 20 mn sportswear factory in the works, EGP 100 mn home appliances factory for Egypt’s Tredco
The USD 20 mn clothing factory will be the first Thai industrial project in Egypt
Geopolitical tensions are endangering global growth outlook, says Saudi finance minister
“Geopolitical risks are possibly the number one risk as you look at the global economy,” Saudi Finance Minister Mohamed Al…
Growing Gulf investor interest in Egypt is catching the attention of the international press
Both the UAE and Saudi Arabia have reportedly shown interest in the stake sale of Egypt’s military-built petrol station chain…
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