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EIB mulls EUR 78 mn loan for Helwan wastewater plant expansion
The European Investment Bank (EIB) mulling a EUR 78 mn loan to finance the EUR 200 mn expansion of the…
World Bank green-lights USD 200 mn loan to tackle air pollution
World Bank green-lights USD 200 mn loan to tackle air pollution: The World Bank has approved a USD 200 mn…
Why are Gulf banks targeting Lebanese banks’ Egypt units?
Why are Gulf banks looking to snap up the Lebanese banks leaving Egypt? Egypt’s large population, the low penetration of…
Ebtikar receives offers for stakes in e-payments firms Bee, Masary
M&A WATCH- Foreign, local investors eye stakes in fintech players Bee, Masary: Non-banking financial services outfit Ebtikar has received “several”…
Amazon mulls Egypt as manufacturing and export hub, Fine says it will double its investment in Egypt
INVESTMENT WATCH- Amazon might be looking to set up shop in Egypt: Amazon is looking at whether Egypt could be…
Sherif Elbehery appointed chairman and managing director of Banque Misr’s digital banking arm
MOVES- Sherif Elbehery (Linkedin) has been tapped as managing director of Misr Digital Innovation Company, Banque Misr’s digital banking arm,…
Cleopatra Hospitals on track for 15% revenue growth in 3Q2020
EARNINGS WATCH- Cleopatra Hospitals Group (CHG) is on track to record 15% y-o-y revenue growth in 3Q2020, with an expected…
Swvl plans expansion into Gulf countries in coming months
STARTUP WATCH- Ride-hailing app Swvl is looking to expand to the Gulf in the coming months, General Manager Omar Selim…
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