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MIDOR looks to Afreximbank, ADIB for USD 200 mn loan to finance refinery expansions
MIDOR looks to Afreximbank, ADIB for USD 200 mn loan to finance refinery expansions: The state-owned MIDOR is reportedly in…
Speed Round
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Mandatory insurance for tourists in the works?
Mandatory insurance for arriving tourists in the works? The Financial Regulatory Authority is drafting a bill that would force tourists…
Egypt’s sovereign wealth fund to be exempt from taxes on transactions with subsidiaries
LEGISLATION WATCH- Egypt’s sovereign wealth fund will be exempt from paying taxes on transactions with any of its subsidiary funds.…
Empower plans to pump in EGP 420 mn to finance construction of WtE plants
INVESTMENT WATCH- Energy group Empower is planning to invest EGP 420 mn this year in waste-to-energy (WtE) projects, CEO Hatem…
Playing cat and mouse with the carry traders
Playing cat and mouse with the carry traders: Yields on three- and nine-month T-bills fell at an auction on Sunday…
Actis looks to buy Abraaj Group’s 95% stake in Nahda University
M&A WATCH- Global private equity firm Actis is reportedly in early talks to acquire Abraaj Group’s 95% stake in Nahda…
Big tobacco withholding CAPEX over new sin tax?
EXCLUSIVE- Is Big Tobacco mounting a power play after imposition of new sin tax? Tobacco companies are not happy with…
Sameh Sabry appointed General Manager for DEA Egypt
MOVES- DEA Deutsche Erdoel AG has appointed Sameh Sabry as the new general manager of DEA Egypt effective 1 August,…
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