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Egypt signs EUR 1 bn loan agreement for Transmashholding railcar purchase
Egypt signs EUR 1 bn loan agreement for Russian railcar purchase: Egyptian National Railways head Ashraf Raslan signed on Thursday…
Ezz Dekheila acquires Ezz Rolling Mills
M&A WATCH- Ezz Dekheila fully acquires Ezz Rolling Mills: Ezz Dekheila Steel’s acquisition of 100% of Al Ezz Rolling Mills…
Sarwa closes EGP 1.8 bn securitized bond issuance
DEBT WATCH- Sarwa closes EGP 1.8 bn securitized bond issuance: Structured- and consumer finance player Sarwa Capital closed the issuance…
House discusses lowering income tax for low earners, draft to combat tax evasion
LEGISLATION WATCH- House mulls tax breaks for low income earners: The House Planning and Budget Committee is discussing potential amendments…
CORRECTION- In yesterday’s ‘Coffee With’ featuring Majid Al Futtaim’s Ahmed Ismail we incorrectly stated that the company has invested EGP…
Hassan Ghanem appointed City Edge chairman, Amjad Hassanein as CEO
MOVES- Hassan Ghanem (LinkedIn) has been appointed board chairman of City Edge, a week after being named chairman of the…
Roadside assistance app Mayday raises “six-figure” investment
STARTUP WATCH- Roadside assistance app Mayday raises six-figure investment: Egyptian roadside assistance app Mayday has secured a six-figure investment led…
EBRD, Green Climate Fund to extend USD 100 mn green loan to Egyptian SMEs
EBRD, Green Climate Fund to extend USD 100 mn green loan to Egyptian SMEs: The European Bank for Reconstruction and…
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