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Egypt could further tweak budget assumptions as covid-19 plays out -FinMin
BUDGET WATCH- FinMin could further tweak budget assumptions as covid-19 plays out: The Finance Ministry is reviewing forecasts used to…
Egypt closes record USD 5 bn eurobond issuance with strong appetite from global investors
Egypt closes record USD 5 bn eurobond issuance with strong appetite from global investors: Egypt sold USD 5 bn in…
FAB, Bank Audi confirm pause on acquisition talks
M&A WATCH- FAB, Bank Audi confirm acquisition talks are on ice: Bank Audi and First Bank of Abu Dhabi (FAB)…
Misr Italia receives EGP 650 mn loan for New Cairo business park
Misr Italia for Urban Development has received a EGP 650 mn joint loan from the National Bank of Egypt (NBE),…
NBE-led banking consortium in negotiations for USD 600 mn loan to Red Sea Petroleum Refining Company
The National Bank of Egypt (NBE) is leading negotiations with Qatar National Bank, CIB and the National Bank of Kuwait…
Planning Ministry approves USD 300 mn EBRD loan to build container terminal at Damietta Port
DEBT WATCH- Planning Ministry approves USD 300 mn EBRD loan for Damietta port: The Planning Ministry has given Damietta Port…
Earnings watch: Edita profit falls by 44% in 1Q2020; Cleopatra Hospitals on track for 50% profit gain
EARNINGS WATCH- Edita quarterly profit hit by covid-19: The covid-19 pandemic sapped Edita’s profitability during 1Q2020, with the snack food…
Earnings Watch- OIH reports net losses of EGP 418 mn in 2019
EARNINGS WATCH- Orascom Investment Holding (OIH) reported a net loss of EGP 418 mn in 2019, compared to a net…
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