• Monday, 14 June 2021

    More details on the Egypt-France financing agreement

    More details of the EUR 3.8 bn in agreements and contracts signed with France yesterday, courtesy of the cabinet.Transport: Funding from the French government will go towards a raft of transport projects, including the supply of 55 new trains for...
  • Monday, 24 May 2021

    PickAlbatros Hotels secures USD 23 mn loan from Vantage Capital

    Egypt-based PickAlbatros Hotels has obtained USD 23 mn worth of mezzanine loan from South African fund manager Vantage Capital, according to a joint statement (pdf). The hotel owner and operator will use the financing to fund its working capital and...
  • Wednesday, 10 March 2021

    It’s go time

    Vehicle owners in seven governorates can begin swapping out their old cars for natural gas or dual fuel vehicles before the month is out, with the government planning to launch its ambitious multi-year natgas conversion plan before April, according to...
  • Sunday, 28 February 2021

    Also on our radar on 28 February 2021

    Five consortia have eyes on a tender to establish the Tenth of Ramadan City dry port, Al Shorouk reports, citing sources from the General Authority for Land and Dry Ports. The consortiums include one led by Dubai’s DP World, one...
  • Sunday, 7 February 2021

    Banque du Caire to establish e-payments company

    State-owned Banque du Caire will partner with an unnamed foreign investor to launch a planned e-payments company in which it will hold a majority stake, head of investments at the state-owned bank Mohamed Ragai told Al Shorouk. Ragai provided no...
  • Tuesday, 10 November 2020

    Transport Ministry, EIB to sign EUR 1.1 bn financing agreements in December and January

    DEBT WATCH- A EUR 1.1 bn financing package from the European Investment Bank (EIB) will officially be earmarked for Egypt's public transport projects when the Transport Ministry signs contracts for the funding in December and January, according to a cabinet...
  • Tuesday, 20 October 2020

    ICMI to produce 100 mn “smart” syringes annually starting 1Q2021

    The International Company for Medical Industries (ICMI) will start manufacturing self-destructing syringes during 1Q2021 and aims to produce 100 mn each year for the local market, Managing Director Hisham Saber told Al Mal. The company plans to invest EGP 12...
  • Tuesday, 20 October 2020

    Four banks offer EGP 800 mn to support EIPICO cancer treatment project

    The Egyptian International Pharmaceutical Industries (EIPICO) has received four offers from banks to provide a EGP 800 mn loan to part finance its cancer treatment project dubbed EIPICO 3, Chairman Ahmed Kilani told Al Mal. The EGP 1.2 bn (pdf)...
  • Sunday, 9 August 2020

    Amer calls for huge IMF, World Bank rescue package for Africa

    Amer calls for huge IMF, World Bank rescue package for Africa: Central Bank of Egypt Governor Tarek Amer has called on the IMF and the World Bank to extend more than USD 500 bn in financial assistance to African countries,...

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