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Amer to acquire EGP 1 bn loan from unnamed Egyptian bank
Amer Group is closing in on an agreement for a EGP 1 bn loan from an unnamed local bank to…
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The CBE appears to be edging toward renewal of a six-month payment holiday for businesses most affected by covid-19
The CBE appears to be edging toward renewal of a six-month payment holiday for businesses most affected by covid-19. Commercial…
What we’re tracking on 17 August 2020
Good morning, friends, and welcome to a reasonably quiet Monday morning as we putter toward the last holiday long weekend…
Your top infrastructure stories of the week
Your top infrastructure stories of the week: Modernizing irrigation systems: The Agriculture Ministry is planning to modernize the irrigation systems…
Marakez signs EGP 670 loan agreement with local banks for Mall of Katameya
Fawaz AlHokair Group’s mall development company Marakez has signed a EGP 670 mn syndicated loan agreement with local banks to…
China’s CSCEC to build mixed-use complex in south side of Egypt’s New Alamein
China State Construction Engineering Corporation (CSCEC) will build a mixed-use complex in the southern region of New Alamein planned to…
Act Financial group doubles stake in Sodic to 11.4%
M&A WATCH- Act Financial-led group adds to minority stake in Sodic: A group led by ActFinancial that includes Hassan Allam…
Orascom Development Egypt sells EGP 104.8 mn land plot to Mangroovy Hotels
Orascom Development Egypt has sold a 40k sqm plot of land in El Gouna to MangroovyHotels for EGP 104.8 mn,…
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