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Cemex inks agreement to take on its second waste-to-energy project. PLUS: Ezdehar, NeoPay, Cairo Metro
Cemex took steps to establish its first waste conversion facility in Gharbia Governorate back in May
Mashreq Egypt taps Amr Hassan as CRO
Hassan served as the bank’s head of corporate credit risk for over four years
Mashreq’s USD 500 mn bond sale meets heavy demand, allows lender to lock in the lowest coupon by a UAE bank in past three years
The issuance was 4.4x oversubscribed
Mashreq Bank taps banks for AT1 bond issuance
Investor meetings are set to take place today
Mashreq’s net income after tax rose by 25% in 1Q2024
Driving the growth were low risk-costs, strong client margins, and a global high-interest rate environment.
Tarek El Nahas on why we may be looking at an “opportunity on a scale and at a speed that Egypt has never seen before”
I don’t go to any country or speak to a single client that doesn’t have an interest in Egypt
Contact to expand in Saudi in 2025. PLUS: News from B Investments, Talaat Moustafa Group, ADIB, Mashreq, Madinet Masr, Idea Verde, Azimut
The investment will fund Basata’s regional expansion plans
Mashreq Global Network is expanding outsourcing operations in Egypt. PLUS: News from EFG Corp-Solutions, Samcrete, ACUD, Banque Misr
Mashreq Global Network will create 300 jobs in the process
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