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Middle East Glass, IFC sign USD 100 mn financing agreement
Middle East Glass, IFC sign USD 100 mn financing agreement: The Middle East Glass Manufacturing Company (MEG) yesterday signed a…
FinMin releases Egypt’s draft FY2019-20 budget
The state’s FY2019-20 budget is now with the House: The Finance Ministry sent yesterday its draft FY2019-20 budget (pdf) to…
Speed Medical to debut on EGX in six months after upcoming NileX IPO
IPO WATCH- Speed Medical is planning to IPO on the EGX within six months of listing of 25% of its…
GTH board approves rescheduling of USD 100 mn loan from majority shareholder
Global Telecom Holding’s (GTH) board of directors has approved a three-month extension on the maturity of a USD 100 mn…
Could Egypt see a return to corporate bonds?
Is Egypt about to see its first corporate bond issuance in nearly a decade? Mansour Amer’s Porto Group has appointed…
GTH kicks to 26 June general assembly meeting to vote for EGP 11.2 bn capital increase
Emerging markets telecom operator Global Telecom Holding (GTH) has postponed to 26 June its general assembly meeting to vote for…
Gov’t liquidates loss-making Egyptian Company for Ports and Dry Ports
The Transport Ministry has liquidated the Egyptian Company for Ports and Dry Ports for incurring EGP 13 mn in losses…
Mortgage Finance Fund to receive USD 60 mn loan from World Bank in June
The Mortgage Finance Fund (MFF) will receive c.USD 60 mn from the World Bank this June, Chairman Mai Abdel Hamid…
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