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International news of note on 6 April 2017: Fed to shrink balance sheet, May and Rolet pitch for Aramco IPO
Among the handful of international stories worth noting this morning: The US Fed is looking to sell down some of…
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Carbon Holdings to ink major agreement with US’s Bechtel Group
On the sidelines of the Egyptian delegation’s visit to the US, Carbon Holdings is expected to sign a “major” agreement…
El Sisi’s Fox News interview hits the screens, President meets with IMF Chief Christine Lagarde, US Defense Secretary, and National Intelligence Director on fifth day of visit
El Sisi’s interview with Fox News aired last night: FoxNews’s Bret Baier sat down with President Abdel Fattah El Sisi…
Kuwait renews fuel supply agreement
Kuwait renewed yesterday its oil and fuel supply agreement with Egypt for another three years, AFP reports. Under the agreement…
Car sales to remain in a slump for what remains of 1H2017
The slump in car sales is likely to last through the rest of 1H2017 as prices continue to climb, Federation…
Naeem begins private placement for USD 1 bn real estate fund
Naeem Holding started a private placement for a EGP 1 bn real estate fund, the company's CEO Yousef Al Far…
MM Group retail offering 4.7x oversubscribed so far
With one day to go in the subscription period, MTI’s retail offering is 4.7x oversubscribed, Al Borsa reports. The company…
Al Hokair to invest USD 100 mn in solar energy projects this year
Saudi’s Al Hokair Group is planning to invest USD 100 mn in Egypt’s solar power sector this year, Al Borsa…
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