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Foreign investors are slowly coming back to the debt market
FROM THE DEPT. OF GOOD NEWS- Foreign flows have begun to trickle back into Egypt’s local debt market. Foreign holdings…
GB Auto shrugs off auto sector headwinds to post 31% bottom line growth
GB Auto net income up 31% in 2Q despite market challenges: GB Auto shrugged off the multiple headwinds facing the…
Edita’s new production line is online
Edita Food Industries has started operations at its new EGP 135 mn productionline, which is set to increase Edita’s production…
Here’s what qualifies as a strategic project
Cabinet lays out criteria for strategic + national projects: Projects in electricity and renewable energy, petroleum, mineral resources, transport, CIT,…
Foreign companies could invest USD 1.3 bn in Egypt’s ports
Egyptian ports could see more than USD 1 bn in foreign investment as international companies look to expand capacity and…
THIS MORNING: Negm rules out near-term EGP devaluation + Is Qatar’s wealth fund about to follow ADQ + PIF into the EGX?
Good morning, friends, and welcome to an exceptionally packed Sunday. We’re going to jump right in No imminent EGP devaluation:…
THIS EVENING: AP Moller signs USD 500 mn investment agreement + US gas prices finally cool off
Good afternoon, friends, and a very happy THURSDAY to us all. It’s another relatively calm end to the week —…
Swvl to sell USD 20 mn in fresh stock via private placement
Cairo-born mass transport app Swvl has agreed to sell new shares to an institutional investor, giving it an important cash…
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