SPEED ROUND Archives

High yields on T-bonds expected to raise debt service bill by EGP 50 bn in FY2018-19

** #4 EXCLUSIVE- Higher yields on T-bonds could push up debt service bill by c. EGP 50 bn this fiscal…

** #2 Marakez repays EGP 2 bn facility for Mall of Arabia: Fawaz Al Hokair’s Egyptian unit, Marakez, has pre-paid…

** #1 M&A WATCH- SODIC bidding to acquire at least 51% of MNHD in all-share transaction: Upmarket real estate developer…

Sphinx airport soft launch tomorrow: Sphinx International Airport in Giza will begin trial runs and a soft launch on Monday,…

Uber and Careem drivers call for a strike over gov’t foot-dragging on exec regs? Drivers at ride-hailing companies Uber and…

M&A WATCH- SIDPEC acquires 20% stake in local chemicals company: Sidi Kerir Petrochemicals Company (SIDPEC) has entered into a preliminary…

** #7 INVESTMENT WATCH- Egypt in line for a chunk of Dragon Oil’s USD 500 mn regional investment budget? Emirates…

Was the presidency more aggressive on subsidy cuts than the oil ministry? President Abdel Fattah El Sisi reportedly said on…

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