SPEED ROUND Archives

S&P affirms Egypt’s B credit rating, outlook at stable

S&P Global Ratings has affirmed Egypt’s B sovereign credit rating with a stable outlook, despite elevated external risks from covid-19,…

ENTERPRISE POLL- Rates seen left on hold amid covid, US election uncertainty: The Central Bank of Egypt (CBE) will likely…

EARNINGS WATCH- Madinet Nasr Housing & Development’s (MNHD) net profit was flat during 9M2020, falling marginally to EGP 629 mn…

M&A WATCH- State-owned sports management company Estadat Holding hasdenied news it has purchased an Egyptian football club, without naming the…

Saudi Arabia could be about to invest in Egypt alongside the Sovereign Fund of Egypt: Saudi Arabia’s sovereign wealth fund…

Net foreign assets in Egypt’s banking sector surged by 32% m-o-m in September, as foreigners continue to return to government…

Vodafone Egypt, Telecom Egypt and Etisalat have snapped up nearly USD 1.2 bn worth of new cellular frequencies. Vodafone Egypt…

CABINET WATCH- We’re one step closer to our first-ever sovereign sukuk issuance after the Madbouly Cabinet yesterday approved a bill…

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