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Egypt sells USD 750 mn of sovereign green bonds in maiden issuance
Egypt sold USD 750 mn in green bonds yesterday in what was the region’s first sovereign offering of the climate-friendly…
Egyptians abroad have until 10 October to register to vote for House elections
Egyptians abroad have until 10 October to register to vote in the upcoming parliamentary elections. Expats from 14 governorates will…
Al Ezz Dekheila Steel reports EGP 1.2 bn losses in 2Q2020
EARNINGS WATCH- Al Ezz Dekheila Steel (EZDK) reported consolidated net losses of EGP 1.2 bn in 2Q2020, compared to EGP…
Egyptian fashion rental platform La Reina raises six-figure seed funding round
STARTUP WATCH- Online fashion rental service La Reina raised an undisclosed six figure seed funding round from Algebra Ventures, 500…
Concentration risk regs relaxed for Egypt’s mortgage lenders
REGULATION WATCH- Mortgage finance companies can now lend up to 15% of their capital base to an individual household, up…
Contractors can resume constructions on buildings up to four storeys
Construction ban partially relaxed: Contractors and real estate developers will now be permitted to resume construction on buildings that are…
Speed Medical to invest EGP 330 mn through 2022
INVESTMENT WATCH- Lab outfit Speed Medical (SPMD) plans to invest some EGP 330 mn in expansions and acquisitions through 2022,…
Al Tayseer Healthcare Group eyes full ownership of Mansoura Medical Center
M&A WATCH- Al Tayseer Healthcare Group is seeking full ownership of Mansoura Medical Center, in which it currently holds a…
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