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USAID’s pullback from Egypt puts employees and programs at risk
Several key initiatives in the country were halted due to the lack of funding
Raya Auto to set up USD 50 mn EV assembly plant next year
PLUS- Emirates Airlines has inaugurated its Emirates World store in Cairo
AfDB approves USD 170 mn private sector development, economic diversification loan. PLUS: Paymob, Masria Digital Payments, SideUp, Mobica, Shell, Orascom Financial Holding
The funds will have a special emphasis on green growth
Nas Investments makes 90% EgyFert acquisition bid official with MTO. PLUS: Heliopolis Housing, JA Solar + AMEA Power, Healthy, Elsewedy Electric, Misr Petroleum, Ezdehar, Robbiki Leather City
M&A- UAE-based Nas Investments Holding submitted a mandatory tender offer to acquire an additional 57.5% stake in EGX-listed fertilizers player…
EU approves the disbursement of EUR 1 bn to Egypt
The package marks the first phase of a EUR 5 bn set of concessional loans running through 2027
Hassan Allam Utilities secures USD 40 mn facility for renewables projects
PLUS: CIRA Education has appointed BDO Keys Financial Consulting to prepare the fair value study
Halliburton could invest more in Egypt’s energy sector
The company is currently evaluating potential investments
Gov’t mulls USD 250 mn EgyptAlum revamp
The revamp would keep the company’s assets, while developing production lines and capacity
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