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EBRD, DPI, CDC to raise additional USD 500 mn for future Africa investments of new pharma platform
INVESTMENT WATCH- EBRD, CDC, DPI consortium to raise additional USD 500 mn for pan-African investments: The European Bank for Reconstruction…
Monthly tourism revenues plunge 85-92% in 2020
Average monthly tourism revenues for 2020 have declined 85-92%, with tourism bringing in between USD 80 mn and USD 150…
Egyptian bonds won’t be “Euroclearable” for at least another year.
EXCLUSIVE- In other debt news, don’t expect Egypt’s sovereign debt to be “Euroclearable” for at least another year: Egypt expects…
CBE extends USD 3.8 bn repo agreement with int’l banks
CBE extends term of USD 3.8 bn repo transaction with int’l banks to six years: The central bank has agreed…
Earnings: Fawry, PHD, Al Ahly for Development and Investment, ADIB, Misr Cement (Qena)
EARNINGS WATCH- Fawry’s net profit surged 99% y-o-y in 9M2020 to EGP 119.1 mn from EGP 59.7 mn last year,…
Draft sukuk law heads to the House
LEGISLATION WATCH- The Finance Ministry has submitted the draft law governing sovereign sukuk to the House of Representatives after it…
Iraq agreements could be worth USD 1 bn for Egyptian building materials exporters
Egypt could be looking at an additional USD 1 bn in annual building materials exports to Iraq as the two…
E-Finance IPO pushed to 1Q2021
IPO WATCH- E-Finance has formally pushed its IPO to 1Q2021: The government has pushed the IPO of fintech player E-Finance…
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