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Gov’t to beat fuel subsidy spending targets in 2Q - gov’t source
BUDGET WATCH- Gov’t to beat fuel subsidy spending targets in 2Q -gov’t source: The government will not spend more than…
Egyptian real estate investment firm Emerald to IPO around mid-January
IPO WATCH- Emerald to offer 28% stake in January IPO: Real estate investment firm Emerald is planning to sell 28%…
Prime Holdings’ removal of Khaled Rashed as CEO ratified by FRA
MOVES- FRA approves Prime Holdings’ removal of Khaled Rashed as CEO: The Financial Regulatory Authority (FRA) has ratified Prime Holdings’…
Egyptian papermaker Fine to invest USD 35 mn in 2020
INVESTMENT WATCH- Papermaker Fine to invest USD 35 mn in 2020: Fine Hygienic Holding will invest USD 35 mn in…
Aton secures CAD 300k bridge loan for work in Egypt’s Abu Marawat concession
Canadian mining firm Aton Resources has lined up a CAD 300k bridge loan from Ou Moonrider to finance its work…
Remittances rise 13.6% to USD 6.7 bn in 1Q2019-2020
Remittances rise 13.6% in 1Q2019-2020: Remittances from Egyptians living abroad rose to USD 6.7 bn in 1Q2019-2020, up 13.6% y-o-y…
Returns on Egyptian gov’t bonds to remain “robust” -Credit Suisse
Returns on Egyptian gov’t bonds to dip but remain “robust” -Credit Suisse: Egyptian government bonds will pay lower returns to…
Egypt’s private sector activity expected to recover in 2020 amid “favorable” economic environment -EFG
Egypt’s private sector activity expected to recover in 2020 amid “favorable” economic environment -EFG: As Egypt’s economy enters 2020 with…
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