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Egypt investment watch: MM Group, McDonald’s Egypt parent company to invest combined EGP 1.65 bn
INVESTMENT WATCH- MM Group, whose IPO is due to wrap next week as the company’s shares begin trading on the…
Speed Round
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McKinsey & Co. to advise on EGPC restructuring
We love the smell of fees in the morning: McKinsey & Company has been tapped to advise the government on…
Egyptera proposes exempting lower electricity consumption tiers from July price hikes
Consumers in the lowest consumption-based price tier may be exempt from electricity price hikes: A committee from the Egyptian Electric…
House backtracks on Investment Act split
Is the House Economic Committee backtracking on its (nonsensical in the first instance) decision to split the proposed Investment Act…
Gov’t is focusing on attracting investments that add value to Egypt: -Prime Minister Sherif Ismail
Shipping lines that pulled out of Egypt added no value to the economy –PM: The withdrawal of five major shipping…
El Sisi meets with US Secretary of State, National Security Advisor, Congress members, and King Abdullah of Jordan on fourth day of US visit
President Abdel Fattah El Sisi had yet another busy day of meetings on the fourth day of his official visit…
Egyptian credit spreads remain resilient with strong EM demand
There is strong demand for emerging market credit with 1Q2017 primary issuance hitting new record high, according to BNP Paribas’…
Some banks at risk of not meeting minimum regulatory capital requirements -Fitch
Fitch is worried about Egyptian banks’ capitalization: Some Egyptian banks will struggle to meet minimum regulatory capital requirements following the…
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