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Banque du Caire’s privatization push gains new momentum
We could see a stake sale as soon as 1H 2025
El Zahy Group secures EGP 4.2 bn syndicated loan
El Zahy Group secures EGP 4.2 bn in financing: Local construction player El Zahy Group inked a syndicated loan agreement…
ITIDA, Telecom Egypt, and Nokia to establish internet protocol center of excellence in Cairo. PLUS: Emirates NBD Egypt, Arab Contractors, Antipollution Egypt, Schindler, EgyptAir + Air Cairo + Nesma
The center will initially export digital services to over 60 countries in the MEA region
Gov’t awards 11 concessions for gas exploration in the western Mediterranean. PLUS: Shelf Drilling, Sabbour Consulting, Sky Developments
The concessions were awarded to BP, ExxonMobil, TotalEnergies, Chevron, and Shell.
Shift EV eyes larger 50k annual capacity factory. PLUS: GB Auto Jordan expansion, El Gouna solar power, oil and gas news, debt news, regulations news, NBE earnings
The home-grown startup is also considering setting up shop abroad, with an eye on Southern Europe and the GCC
Emirates NBD Egypt signs EUR 30 mn loan agreement with Hayat Egypt
The loan will help fund a USD 70 mn tissue factory in Ain Sokhna
Al Ansari raises USD 210 mn in Dubai IPO
The sale was 22x oversubscribed
Musk takes over at Twitter + US earnings face USD 10 bn hole in 3Q thanks to stronger greenback
Musk is now officially chief twit: Elon Musk has closed his USD 44 bn acquisition of Twitter after a six-month…
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