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Egypt’s banks need to set aside additional capital for credit concentration risks
New requirements from Central Bank of Egypt on management of portfolio concentration risk: Commercial banks are now required to set…
Egypt mulling renewing USD 23 bn Aramco agreement
Gov’t mulling renewal of USD 23 bn Aramco agreement: The government is studying whether to renew its five-year agreement to…
Siemens Gamesa settles on Elsewedy-Marubeni consortium for first phase of wind power project
Siemens Gamesa has selected a consortium of Elsewedy and Marubeni to launch the first phase of 180 MW wind power…
Marakez to build mall in Egypt’s Mansoura City
Coming soon: Mall of Mansoura: Marakez Real Estate Investment has purchased a 47-acre plot in Mansoura City from the Internal…
Edita to launch new BonBon candy
Snackfoods giant Edita is launching a line of juice-filled stick candies under the BonBon brand in strawberry, orange, and apple…
United Energy Group acquires Egypt operating Kuwait Energy for USD 651 mn
M&A WATCH- United Energy Group acquires Kuwait Energy for USD 651 mn: Hong Kong-listed energy firm United Energy Group has…
Egyptian eurobonds are killing it compared to African peers
Egypt is beating all of its African peers when it comes to eurobond issuances, having raised more than USD 22…
Shell appoints Khaled Kassem as new chief for its Egyptian operations
MOVES- Energy giant Royal Dutch Shell has appointed Khaled Kassem as chairman and managing director of its Egyptian business. Kassem…
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