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Sarwa Capital’s EGP 2.5 bn Contact sukuk issuance to launch in 2 weeks
DEBT WATCH- Sarwa Capital will take a EGP 2.5 bn sukuk issuance to market over the coming two weeks on…
Cairo Angels launches USD 3 mn regional fund
EXCLUSIVE- Cairo Angels launches USD 3 mn regional fund: Cairo Angels has launched a USD 3 mn fund, named the…
S&P affirms Egypt’s B credit rating, outlook at stable
S&P Global Ratings has affirmed Egypt’s B sovereign credit rating with a stable outlook, despite elevated external risks from covid-19,…
Enterprise Poll: Central bank to leave rates on hold in November amid covid, US election uncertainty
ENTERPRISE POLL- Rates seen left on hold amid covid, US election uncertainty: The Central Bank of Egypt (CBE) will likely…
Madinet Nasr net profit flat in 9M2020
EARNINGS WATCH- Madinet Nasr Housing & Development’s (MNHD) net profit was flat during 9M2020, falling marginally to EGP 629 mn…
Estadat Holding denies purchase of Egyptian football club
M&A WATCH- State-owned sports management company Estadat Holding hasdenied news it has purchased an Egyptian football club, without naming the…
Saudi Arabia could be about to invest in Egypt alongside the Sovereign Fund of Egypt
Saudi Arabia could be about to invest in Egypt alongside the Sovereign Fund of Egypt: Saudi Arabia’s sovereign wealth fund…
Net foreign assets in Egyptian banks surge in September
Net foreign assets in Egypt’s banking sector surged by 32% m-o-m in September, as foreigners continue to return to government…
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