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Ibrahim Ashmawy appointed chairman of forthcoming commodity exchange
Egypt’s new commodity exchange just got a new chairman as we inch closer to launch: Internal Trade Development Authority Chairman…
Premium Card closes EGP 182 mn securitized bond issuance
DEBT WATCH- Premium Card closes EGP 182 mn securitized bond issuance: Premium Card has closed the third issuance of its…
OIH will split into two companies: One running financial services, the other with all other investments
DEMERGER WATCH- Who gets what as OIH splits in two? The Financial Regulatory Authority (FRA) has approved Orascom Investment Holding’s…
United Bank sale on ice until covid has passed
M&A WATCH- United Bank sale on ice until we fully emerge from pandemic: The sale of state-owned United Bank to…
SFE in talks with investors, traders to develop EuroAfrica electricity link
SFE in talks with investors, energy traders to develop EuroAfrica electricity link: The Sovereign Fund of Egypt (SFE) has opened…
Egypt’s credit rating is vulnerable to water risks -Fitch
Egypt’s sovereign credit rating is “particularly” exposed to water stress and drought risks, Fitch Ratings suggests. This comes as water…
FX reserves rise slightly in August
FX reserves rise slightly in August: Foreign reserves rose in August for the third month running, coming in at USD…
STC looks to reduce USD 2.4 bn offer for Vodafone Egypt
M&A WATCH- Is STC about to make a new, lower offer for Vodafone Egypt? Saudi Telecom (STC) is in talks…
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