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In brief on 22 July 2020
Stories worth noting in brief this morning: The Electricity Ministry is temporarily shelving plans to potentially export electricity to Iraq…
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Restructuring plans for Egypt’s Holding Co for Maritime to be complete this year
PRIVATIZATION WATCH- Restructuring plans for Holding Co for Maritime to be complete this year: A consortium of consulting firms tapped…
Gov’t talks with GB Auto for tuk-tuk alternatives have come to halt
The Public Enterprises Ministry and GB Auto have ended talks to jointly manufacture an alternative to tuk-tuks, Al Mal reports,…
Details of Egypt’s consumer-spending initiative could emerge within a week
We could be hear the details of the government’s consumer-spending initiative within a week, if local press reports citing government…
Uber launches its first intercity bus service in Egypt
Ride-hailing app Uber has debuted an intercity bus service in Egypt, the company announced (pdf) this week. The service, which…
Raya mulls another securitized bond offering, days after EGP 562 mn bond sale
DEBT WATCH- Raya Holding is looking at another potential securitized bond offering around the end of this year or at…
NUCA closes EGP 10 bn securitized bond issuance
DEBT WATCH- NUCA closes EGP 10 bn securitized bond offering: The New Urban Communities Authority has closed its three-tranche, EGP…
STMicroelectronics acquires IoT tech developer Riot Micro, including its chip design operations in Egypt
M&A WATCH- TMicroelectronics acquires IoT tech developer Riot Micro, including its chip design operations in Egypt: French-Italian electronics manufacturer STMicroelectronics…
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