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Innoventures in talks with potential LPs to raise USD 100 mn fund for food startups
INVESTMENT WATCH- Innoventures in talks with potential LPs to raise USD 100 mn fund for food startups: Local startup investor…
FAB places Bank Audi Egypt acquisition on ice
M&A WATCH- First Bank of Abu Dhabi (FAB) has put on ice its plan to acquire Bank Audi’s Egypt assets…
Egypt faces stricter lockdown measures for the week of Eid El Fitr before phase 1 of gov’t reopening plan comes into effect
Egypt faces stricter lockdown measures for the week of Eid El Fitr, then a gradual loosening in June: Egypt will…
Earnings watch: GB Auto, EIPICO, ADIB, Credit Agricole Egypt report 1Q2020 results
EARNINGS WATCH- GB Auto posted net profits of EGP 138.4 mn in 1Q2020, soaring 430.6% y-o-y from EGP 26.1 mn…
Briefly noted: Morgan Stanley adds Ibn Sina, CIRA to regional index; state banks sell EGP 136 bn in high-interest savings certificates in under two months
Briefly noted: Morgan Stanley’s MENA small caps index added Ibnsina and CIRA while removing Ezz Steel and Pioneers. State-owned banks…
Planning Ministry approves USD 300 mn EBRD loan to build container terminal at Damietta Port
DEBT WATCH- Planning Ministry approves USD 300 mn EBRD loan for Damietta port: The Planning Ministry has given Damietta Port…
Raya plans EGP 640 mn securitized bond sale, CIB to manage offering
DEBT WATCH- Raya plans EGP 640 mn securitized bond sale, CIB to manage offering: Raya Holding is planning a new…
TE Egypt to participate in huge subsea Africa, Middle East internet cable
TE Egypt to participate in huge subsea Africa, Middle East internet cable: Telecom Egypt (TE Egypt) is among a consortium…
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