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SCZone to borrow EGP 30 bn to fund green hydrogen infrastructure
Part of the loan will be denominated in USD to finance imported components
Gov’t to sell stake in Alamal Alsharif Plastics -Asharq. PLUS: More Ebank stake sale rumors
The plastics maker is reportedly worth some EGP 7 bn
Fitch expects net foreign liabilities in Egyptian banks to rise amid FX crunch
Net foreign liabilities in the banking sector hit a record high in June
Egyptian banks could fund new logistics zones at East Port Said port. PLUS: News from Instapay, Banque Misr, the EMX, and the SCZone
The loan could go towards one of the port’s three logistics areas
What do private sector players want from the AIIB?
AIIB officials join FinMin, private sector players to explore how the bank can help Egypt’s private sector
CIRA Education plans second bond issuance. PLUS: aiBank, Taqa Arabia, Orascom Construction, EDF Renewables, and more
The Egypt-based education provider securitized future cashflows for the first time last year
Hassan Allam + Agility score EGP 1.5 bn CIB loan for Yanmu logistics park. PLUS: News from Volvo, MCV, Beltone, and NUCA
The 10-year loan from CIB will help fund the construction of a USD 100 mn logistics park east of Cairo
Mashreq names Norman Tambach as group CFO
Tambach has nearly 30 years of experience in the banking industry
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