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SODIC’s 1Q2018 sales growth driven by launch of “cornerstone of future recurring income portfolio”
EARNINGS WATCH- SODIC reported a net profit after tax and minority interest of EGP 212 mn in 1Q2018, with a…
Speed Round
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Banque Misr reportedly taps Citigroup to arrange USD 500 mn loan from int’l lenders
State-owned Banque Misr has reportedly tapped Citigroup to arrange a USD 500 mn syndicated loan, sources close to the matter…
ExxonMobil eyes Africa expansion, Egypt tops the list
INVESTMENT WATCH- ExxonMobil is eyeing expansion opportunities in Africa, now that oil prices are on the rise again, according to…
Saudi Arabia’s Zadna to invest EGP 2 bn in Egyptian dates production
INVESTMENT WATCH- Saudi Arabia’s Zadna is planning to invest EGP 2 bn to produce and sell Egyptian dates and olives,…
Beltone to launch acquisition bid for West African consumer finance provider Oragroup
M&A WATCH- Beltone to launch acquisition bid for West African consumer finance provider Oragroup: Beltone Financial’s board approved in principle…
GB Auto could list GB Capital by 2020
IPO WATCH- GB Auto could list GB Capital by 2020: GB Auto could list its financing subsidiary GB Capital on…
Gov’t preparing to tweak budget for higher oil prices?
EXCLUSIVE- Gov’t preparing to tweak budget for higher oil prices? The Ismail Cabinet will decide in the coming two weeks…
IMF, Egypt reach staff-level agreement to disburse USD 2 bn loan tranche
IMF, Egypt reach staff-level agreement to disburse USD 2 bn loan tranche: The IMF delegation that was in town reviewing…
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