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World Bank mulls financing part of USD 640 mn railway upgrade
DEBT WATCH- World Bank mulls financing part of USD 640 mn railway upgrade: The World Bank is studying a loan…
Ahli United Bank bid for AUB Egypt gets regulatory approval
M&A WATCH- Ahli United Bank gets regulatory clearance for bid to buy out minority investor: Ahli United Bank’s (AUB) full…
Raya Auto to invest EGP 200 mn in EV production
INVESTMENT WATCH- Raya Auto plans to invest EGP 200 mn in local EV assembly over the next three years: Raya…
Ebtikar taps EFG to quarterback EGX debut
IPO WATCH- Ebtikar taps EFG to quarterback EGX debut: Ebtikar — MM Group's non-banking financial services subsidiary — has hired…
La Mancha, Centamin, Barrick Gold among bidders in Egypt’s gold mining tender
La Mancha, Centamin, Barrick Gold among bidders in Egypt’s gold mining tender: Canadian mining firm Barrick Gold, Naguib Sawiris’ La…
NBE, Banque Misr scrap high-interest savings certificates
NBE, Banque Misr scrap high-interest CDs: State-owned National Bank of Egypt (NBE) and Banque Misr have stopped offering 15% fixed-rate…
Steel demand plummets on covid-19, gov’t construction ban
Steel demand plummets on covid-19, gov’t construction ban: The government’s decision to place a six-month ban on construction permits is…
Red Sea tourism begins to rebound
Red Sea a ray of light for Egypt’s battered tourism sector: A pick up in the number of tourists visiting…
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