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Shell taps Citi to manage sale of its onshore upstream assets in Egypt’s Western Desert
M&A WATCH- Royal Dutch Shell has tapped investment bank Citi to manage the upcoming sale of its onshore upstream assets…
Hassan Allam signs USD 20 mn loan with EBRD for investments in Egypt’s water, wastewater sector
Hassan Allam signs USD 20 mn loan with EBRD for water, wastewater investments: The European Bank for Reconstruction and Development…
Egypt successfully closes USD 2 bn triple-tranche eurobond issuance
Egypt successfully closes USD 2 bn triple-tranche eurobond issuance in first int’l debt auction for FY2019-2020: Egypt sold USD 2…
Egypt’s Tharaa establishes a USD 20 bn investment platform with Abu Dhabi Holding Company
Tharaa, Egypt’s sovereign wealth fund, to establish a USD 20 bn investment platform with Abu Dhabi Holding Company: Egypt and…
Central Bank of Egypt cuts interest rates by 100 bps
CBE cuts rates by 100 bps, in line with market expectations: The Central Bank of Egypt’s Monetary Policy (MPC) cut…
Earnings watch: Orascom Development Egypt, GB Auto, Credit Agricole, Raya Holding, AMOC,
EARNINGS WATCH- Orascom Development Egypt (ODE) reported net profits of EGP 107.4 mn in 3Q2019, up from EGP 89.5 mn…
Apicorp acquires 24% equity stake in Al Khorayef United Holding
M&A WATCH- Apicorp acquires 24% stake in Al Khorayef United Holding: The Arab Petroleum Investments Corporation (Apicorp) has acquired a…
Egypt passes Investment Act exec regs amendments to collect data on foreign investment
LEGISLATION WATCH- Investment Act amendments require public, private entities to submit data on foreign investment assets to GAFI: Prime Minister…
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