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Egypt secures USD 7 bn World Bank loan to support private-sector, climate goals
The funding includes USD 1 bn a year from the IBRD
World Bank could lend USD 50 bn over the next decade
The G20 want the lender to make its resources go further
Aman wants to launch in Saudi Arabia within 3 months. PLUS: Money GB Auto + Dara’s Ice Cream, FinMin appoints sukuk company board
Aman is working with a mystery Saudi partner to launch in the kingdom
EgyptAir to increase flights to China. PLUS: Green hydrogen, oil exploration and a new startup fund
EgyptAir relaunched flights to China last week.
Chinese investors are looking at the Sokhna Industrial Zone. PLUS: Jordan electricity link, another Sawiris football acquisition, and more
INVESTMENT- SCZone talks with Chinese investors: A high-level delegation from one of China’s largest industrial areas discussed potential investment in…
Ezz Steel forecasts EGP 8.3 bn in losses on EGP depreciation. Plus: Smartphone assembly, mature oil fields, BdC’s e-payments arm — and plenty more
MANUFACTURING- Ezz Steel forecasts EGP 8.3 bn in losses on EGP depreciation: Ezz Steel expects to record losses of EGP…
Egypt buys 240k tons of Russian wheat. PLUS: News from EBRD, USAID and more
This is the third World Bank-funded wheat tender this year.
A rainy post-Valentine’s
Good morning, wonderful people, and a very happy almost-THURSDAY. We have an absolutely stacked issue for you this morning, so…
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