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Siemens bags another smart grid contract
INFRASTRUCTURE- One step closer to the Egyptian-Greek subsea data cable: Telecom Egypt and Greek telecoms company Grid Telecom signed an…
Vodacom closes acquisition of 55% stake in Vodafone Egypt
Vodacom is Vodafone Egypt’s new majority shareholder: Vodafone Plc’s South African subsidiary, Vodacom, has closed the acquisition of its parent…
Is the Qatari sovereign fund closing in on a 20% stake in Vodafone Egypt?
Are talks between TE and Qatar’s sovereign fund over Vodafone Egypt hotting up? The Qatar Investment Authority’s (QIA) talks with…
Another subsea cable for our regional data hub ambitions
Telecom Egypt inaugurated its Red2Med submarine cable which runs from Ras Ghareb’s Red Sea to Port Said’s Mediterranean through the…
High-interest CDs are all the rage + rare earths in Egypt get global attention
Banks are issuing high-interest CDs to help them cushion the impact of the CBE’s new reserve requirements. A number of…
Qatar could soon invest up to USD 2.5 bn in state-held firms
Qatar could invest as much as USD 2.5 bn in state-held firms: Qatar’s sovereign wealth fund is in advanced talks…
THIS EVENING: Qatar’s SWF snapping up USD 2.5 bn-worth of state-owned company stakes + MaxAB closes USD 40 mn pre-series B
Happy almost-THURSDAY, wonderful people. The weekend is (just) within reach, but the news cycle isn’t dying down just yet. THE…
Investors expect 14% deval ahead of IMF facility. Plus: News from Hassan Allam, OC and Schneider
EGP WATCH- Investors see 14% deval ahead of IMF agreement: Three-month non-deliverable forwards on the EGP — i.e., where investors…
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