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NUCA closes EGP 10 bn securitized bond issuance
DEBT WATCH- NUCA closes EGP 10 bn securitized bond offering: The New Urban Communities Authority has closed its three-tranche, EGP…
STMicroelectronics acquires IoT tech developer Riot Micro, including its chip design operations in Egypt
M&A WATCH- TMicroelectronics acquires IoT tech developer Riot Micro, including its chip design operations in Egypt: French-Italian electronics manufacturer STMicroelectronics…
SODIC awards EGP 1.2 bn in contracts at flagship SODIC East development
Upmarket real estate developer SODIC has awarded EGP 1.2 bn in contracts at its flagship SODIC East development to date…
Egypt, Ethiopia and Sudan agree to more GERD talks as last round wraps up without agreement
It’s back to the drawing board on the Grand Ethiopian Renaissance Dam. The leaders of Egypt, Ethiopia and Sudan have…
Analysts see Egyptian economy growing at a 3.1% clip in the 2020-2021 fiscal year
Analysts see Egypt’s economy growing at a 3.1% clip in FY2020-2021, according to a Reuters poll, down from 3.5% in…
Egypt’s maiden sukuk + green bond sales are in the pipeline as gov’t eyes return to debt diversification strategy
Egypt’s maiden state sukuk + green bond sales are in the pipeline as gov’t eyes return to debt diversification strategy:…
Ex-AOI boss made military production minister after Al Assar death
MOVES- Shehab Marzban (LinkedIn) has resigned as chairman of government-owned venture capital fund Egypt Ventures and is joining Beltone Financial,…
Egypt launches new WEF program to support women’s participation in the economy
Egypt launches new WEF program to support women’s participation in the economy: The International Cooperation Ministry, the National Council for…
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