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Health, financial services among four new sub-funds announced by Sovereign Fund of Egypt
The Sovereign Fund of Egypt (SFE) has set up four sub-funds covering healthcare, financial services, tourism and real estate, and…
CIB on track to issue Egypt’s first green bonds in October
CIB’s USD 65 mn in green bond issuance take place in October after finalizing the due diligence process, Heba Abdellatif,…
Unnamed NBFS firm enters race for Blom Bank Egypt
M&A WATCH- Competition for Blom Bank acquisition could heat up as third potential suitor enters the race: Another foreign financial…
Egypt could get an upgrade from Moody’s as our credit profile proves “resilient” to shocks
Egypt could get an upgrade from Moody’s as our credit profile proves “resilient” to shocks: Indicators that measure Egypt’s credit…
IMF releases report card on pandemic aid to Egypt
The IMF heaped praise on Egypt’s response to covid-19 in a staff report on the recently-approved one-year USD 2.8 bn…
Media regulation council appoint Ahmed Abdel Aziz as sec-gen
MOVES- Ahmed Abdel Aziz appointed SCMR sec-gen: The Supreme Council for Media Regulation has appointed Ahmed Abdel Aziz as its…
Aza appoints Meryem Habibi as its CRO
MOVES- Nairobi-based FX broker and fintech company Aza has appointed Meryem Habibi (Linkedin), formerly of Diebold Nixdorf, as its chief…
Net profit drops for Palm Hills, HHD, and Arabian Cement in 2Q2020
EARNINGS WATCH- Palm Hills Developments (PHD) saw its net profit after tax fall 37% to EGP 195 mn in 2Q2020…
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