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Somabay to renovate Sheraton resort + Egypt to spend another USD 2.6 bn on US arms
Sheraton Soma Bay to get a new look: Somabay has secured an EGP 143 mn loan from Ahli United Bank…
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The sukuk market has been quiet in 1H 2022 + other things we’re keeping an eye on this morning
Al Ahly Sabbour Developments could take a sukuk issuance to market, Al Borsa quotes Managing Director Ahmed Sabbour as saying.…
MPs greenlight EUR 250 mn EBRD Alex metro loan
EBRD Alex metro loan gets House approval: MPs have approved a EUR 250 mn loan from the European Bank for…
Exporters want more support as gov’t wraps up latest phase of subsidy program
Gov’t wraps up fourth phase of export subsidy program: Some EGP 261 mn in overdue export subsidies was paid out…
valU, Majid Al Futtaim launch consumer finance product
valU, MAF partner on consumer finance: EFG Hermes’ buy-now-pay-later platform valU is partnering with Majid Al Futtaim (MAF) to introduce…
Rameda + IFC collab on sustainability
Rameda Pharma will work with the International Finance Corporation (IFC) to improve the sustainability of its operations, according to a…
Banking and rail news aplenty + Edita is looking at microfinance
There’s plenty of banking news: The Central Bank of Egypt has joined the global Network forGreening the Financial System (NGFS),…
Startup funding in Egypt is down month-on-month in April
Egyptian startups raised USD 37 mn in April, marking a 57% drop from March, Wamda reported Thursday. Egyptian startups raised…
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