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EBRD delivers on UMC’s USD 50 mn loan, mulls two loans to aiBank
The lender is weighing two loans to aiBank worth USD 35 mn for on-lending to agribusiness and green projects
Renewable energy link to Italy. PLUS: News from Engazaat, Supreme Council of Ports and Logistics, and Wizz Air
ENERGY- Italy-Egypt subsea link is in the works: UAE-based energy company K&K Group has signed an MoU on the sidelines…
NUCA closes second EGP 15 bn securitized bond issuance this year
NUCA keeps its spot as the biggest player in the local securitization market
ASCOM acquires stake in Canadian gold producer. PLUS: News from Gold Era and NBE
ASCOM’s APM Investment Holding has sold its 35% stake in Kurmuk Gold Project
Fitch downgrades Egyptian banks’ operating environment score on ties to sovereign debt
Fitch estimates that about 50% of the total assets of Egypt’s banking sector are invested in government debt, creating a…
Fitch cuts bank credit ratings following sovereign downgrade
Fitch, S&P and Moody’s have all downgraded Egypt’s sovereign rating over the past month due to rising debt concerns
United Bank’s United Finance closes EGP 617.5 mn securitization
The issuance was backed by a EGP 933 mn leasing contracts portfolio
Sky, Reliance Logistics in talks with BdC to fund multipurpose terminal at East Port Said port. Plus: Banque Misr land sale
Plus: The Egyptian Holding Company for Silos and Storage wants to borrow EGP 5 bn to fund silo expansion
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