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Bank ABC asks central bank to start due diligence on Blom Bank Egypt
M&A WATCH- Bank ABC asks CBE for green light to start due diligence on Blom Bank: Bahrain’s Arab Banking Corporation…
Egypt secures USD 2 bn loan from int’l banking consortium
Egypt has closed a USD 2 bn financing package with regional and international banks to plug budget shortfalls resulting from…
Sherif Seif El-Din Hussein appointed advisor on corruption to Madbouly
MOVES- Sherif Seif El-Din Hussein appointed advisor to Madbouly on corruption : Former Administrative Control Authority (ACA) head Sharif Seif…
Abu Qir Fertilizers reports EGP 560 mn net profit in 4Q2019-2020
EARNINGS WATCH- Abu Qir Fertilizers saw net profits decline 0.1% y-o-y in 4Q FY2019-2020 to EGP 560 mn, down from…
Ordera raises six-figure USD in seed funding from Alex Angels, Daal and AUC Angels
STARTUP WATCH- On-demand food booking startup Ordera has raised a six-figure USD investment from Alex Angels, Saudi venture capital fund…
IMEX International acquisition over Nile Cotton Ginning stumbles
M&A WATCH- Is IMEX International’s acquisition of Nile Cotton Ginning stumbling? Energy trading company IMEX International’s offer to acquire 50%…
Naguib Sawiris-owned Ora looks to debt market to finance projects
DEBT WATCH- Naguib Sawiris’ Ora Developers is looking to issue bonds and take out more loans to finance its real…
Egypt to invest EGP 134.2 bn in seawater desalination plants through 2050
Egypt is investing some EGP 134.2 bn through 2050 to build seawater desalination plants that would give us 6.4 mn…
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