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Egypt faces stricter lockdown measures for the week of Eid El Fitr before phase 1 of gov’t reopening plan comes into effect
Egypt faces stricter lockdown measures for the week of Eid El Fitr, then a gradual loosening in June: Egypt will…
Earnings watch: GB Auto, EIPICO, ADIB, Credit Agricole Egypt report 1Q2020 results
EARNINGS WATCH- GB Auto posted net profits of EGP 138.4 mn in 1Q2020, soaring 430.6% y-o-y from EGP 26.1 mn…
Briefly noted: Morgan Stanley adds Ibn Sina, CIRA to regional index; state banks sell EGP 136 bn in high-interest savings certificates in under two months
Briefly noted: Morgan Stanley’s MENA small caps index added Ibnsina and CIRA while removing Ezz Steel and Pioneers. State-owned banks…
Planning Ministry approves USD 300 mn EBRD loan to build container terminal at Damietta Port
DEBT WATCH- Planning Ministry approves USD 300 mn EBRD loan for Damietta port: The Planning Ministry has given Damietta Port…
Raya plans EGP 640 mn securitized bond sale, CIB to manage offering
DEBT WATCH- Raya plans EGP 640 mn securitized bond sale, CIB to manage offering: Raya Holding is planning a new…
TE Egypt to participate in huge subsea Africa, Middle East internet cable
TE Egypt to participate in huge subsea Africa, Middle East internet cable: Telecom Egypt (TE Egypt) is among a consortium…
Suez Canal Bank sells Midor stake for USD 30.6 mn
M&A WATCH- Suez Canal Bank sells Midor stake for USD 30.6 mn: The Suez Canal Bank has approved the sale…
National Investment Bank shelves plans to privatize portfolio companies
National Investment Bank shelves plans to privatize portfolio companies: The National Investment Bank (NIB) has postponed plans to market seven…
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