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Al Ahly Financial Services launches sukuk arm. PLUS: Locally-made PV cells, semiconductors, TVs
From startups, to food and beverages and TVs, it’s a morning full of investment news. AL AHLY FINANCIAL SERVICES LAUNCHES…
FinMin looks to India for potential bond offering, could tap up to USD 1 bn in separate “sustainability bonds” next year
Egypt has been shut out of Western capital markets, forcing it to turn to to more unconventional sources of finance
MENA bond issuances tripled in value y-o-y in the first nine months of 2023
Market data logged USD 61.1 bn in the first nine months of 2023
Egypt is looking to borrow USD 3 bn by the end of the fiscal year
The fresh funds will help bolster the budget and help the country meet any emergency financing needs, a senior Finance…
Telecom Egypt to extend cross-Mediterranean Medusa subsea cable to the Red Sea + ADIB’s new sukuk move
The state-owned company signed an agreement last year to land the cable at Port Said
Orascom, Metito reach financial close for Abu Dhabi desalination project. PLUS news from Dar and Acacia, Banque Misr, Alameda, Siemens Healthineers
The USD 2.2 bn project includes a 500k cbm/day desalination plant and a 75-km water pipeline
Corporate sukuk issuances made easy
Corporate sukuk issuances can now go ahead without a credit rating
USD 305 tn: The total amount of global debt in 1Q 2023
Emerging-market debt passes USD 100 tn mark
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