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Al Marasem in talks with banks for EGP 1.6 bn Islamic finance
Al Marasem International for Development is in talks with several banks to get an EGP 1.6 bn Islamic loan to…
Finance
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What we’re tracking this week and beyond
The Egypt Petroleum Show gets underway tomorrow at the Egyptian International Exhibition Center. The three-day exhibition includes companies from 13…
China Development Bank offers USD 3.7 bn in financing to Egypt’s EEHC
BANKING WATCH- The China Development Bank is offering USD 3.7 bn in financing to the Egyptian Electricity Holding Company for…
Egypt launches fund to reform state-owned enterprises
New fund for state-owned enterprises: The Madbouly Cabinet approved last week setting up a fund to finance the overhaul of…
Egypt Kuwait Holding moves ahead with bid for Emisal Salts
M&A WATCH- EK Holding moves ahead with bid for Emisal Salts: Investment firm EK Holding has submitted a tender offer…
What we’re tracking on 10 February 2019
It’s interest rate week, and it is anyone’s guess whether the central bank will give us chocolate on Valentine’s Day…
Parliament approves Egypt’s new bank tax treatment
LEGISLATION WATCH- House approves new bank tax treatment: The House of Representatives’ general assembly approved yesterday proposed amendments to the…
Egypt’s FX reserves reach USD 42.616 bn at end-January
Egypt’s net foreign reserves were essentially stable at USD 42.616 bn at the end of January compared to USD 42.551…
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