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Blom Bank Egypt sale could wrap in November, sources say
M&A WATCH- Blom Bank’s sale of its Egypt arm could be completed in November, with offers from Emirates NBD and…
Egypt’s Finance Minister Maait talks economy in IMF, World Bank meetings
INVESTMENT WATCH- FinMin pitches investment strategy, improving economic landscape to investors: Egypt is prioritizing investments in the transport, oil and…
VC firm Openner to invest USD 5 mn in 50 Egyptian tech startups in two years
INVESTMENT WATCH- US-based venture capitalist Openner is planning to invest USD 5 mn in Egyptian startups over the next two…
Egypt in talks with foreign investors over 2 GW renewable energy projects
INVESTMENT WATCH- Egypt is currently negotiating with foreign investors on new wind and solar projects that will generate a combined…
Egypt selects projects to receive green bond funding
Five environmentally-friendly projects have been earmarked to receive USD 500 mn of the proceeds from last month’s USD 750 mn…
Egypt’s economy is on track to finish the year having grown 3.5%
NOSTRADAMUS AGREES: Egypt’s economy will finish the year having grown 3.5%. That’s our takeaway after Fitch said in a recent…
El Sisi ratifies Egypt’s waste management law
LEGISLATION WATCH- A new state agency will be in charge of Egypt’s waste management challenges after President Abdel Fattah El…
Dabaa nuclear power plants could generate 4x returns for Egypt -Rosatom
The Dabaa nuclear power plant is expected to generate returns worth 4x the amount spent on its construction, Alexander Voronkov,…
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