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Al Madar, SEII consortium to decide on Emisal bid this week
M&A WATCH- Al Madar, SEII consortium to decide on Emisal bid this week: A consortium of Kuwait’s Al Madar Finance…
EDF acquires undisclosed stake in Egyptian renewables company KarmSolar
M&A WATCH- EDF acquires undisclosed stake in Egypt’s KarmSolar: French energy company EDF Renewables has acquired a “strategic stake” in…
Egypt must push on with easing cycle to stimulate private investment -Goldman
Egypt must push on with easing cycle to stimulate private investment -Goldman: The Central Bank of Egypt (CBE) will need…
Fitch affirms Egypt’s long-term FX issuer default rating at B+ with a stable outlook
Fitch Ratings has affirmed Egypt’s long-term foreign-currency issuer default rating at ‘B+’ with a ‘stable’ outlook. The agency said that…
Earnings watch: Cleopatra Hospitals profits fall 20% in 3Q2019
EARNINGS WATCH- Cleopatra Hospitals Group reported a 21% y-o-y dip in 3Q2019 net profit to EGP 72.2 mn compared to…
Coca-Cola Egypt is planning to invest USD 500 mn over three years
INVESTMENT WATCH- Coca-Cola Egypt is planning to invest USD 500 mn over the next three years, General Manager Ahmed Rady…
NUCA to issue EGP 10 bn securitized bonds in 2H 2019-2020
DEBT WATCH- NUCA moving to issue another EGP 10 bn in securitized bonds to fund new cities: The New Urban…
Egypt’s tourism sector is robust, and won’t be greatly impacted by Thomas Cook closure, says Tourism Minister
Egypt’s tourism sector is robust enough to absorb the shock of Thomas Cook’s liquidation, says Al Mashat: The recent liquidation…
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