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CIB sees international interest as it prepare Egypt’s first green bond offering
DEBT WATCH- CIB sees international appetite as it prepares Egypt’s first green bond offering: The International Finance Corporation (IFC) is…
Egypt hires UAE banks to arrange USD 1 bn loan
DEBT WATCH- Egypt hires UAE banks to arrange USD 1 bn loan: Egypt has tapped Emirates NBD and First Abu…
Portfolio investors warming to Egypt as EGP proves more flexible
Portfolio investors warming to Egypt as EGP proves more flexible: There are signs that foreign investors may be warming to…
Ahmed Mohamed Galal appointed for second term as Export Development Bank deputy chairman
MOVES- Ahmed Mohamed Galal appointed for second term as Export Development Bank deputy chairman: Prime Minister Moustafa Madbouly has renewed…
Nassef Sawiris made OCI NV chairman in board reshuffle
MOVES- Current COO Ahmed El Hoshy will become CEO of Netherlands-based nitrogen and methanol giant OCI NV while Hassan Badrawi…
Earnings watch: Sodic, Orascom Investment, B Investments, Raya
EARNINGS WATCH- Sodic reported a net profit of EGP 28 mn in 1Q2020, down from EGP 161 mn in 1Q2019.…
Egypt’s MIH signs MoU to produce 30k cars for 3 years at El Nasr Automotive
MIH signs agreement with int’l automaker to assemble 30k cars per annum at El Nasr Automotive: The state-owned Metallurgical Industries…
EBRD to provide NBE USD 100 mn to support SMEs impacted by covid-19
EBRD to provide NBE with USD 100 mn for on-lending to SMEs impacted by covid-19: The European Bank for Reconstruction…
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