• Tuesday, 3 March 2020

    Telecom Egypt looks like it’s really thinking about buying Vodafone Egypt

    M&A WATCH- Telecom Egypt looks like it’s really thinking about buying Vodafone Egypt: Telecom Egypt (TE) has asked its advisors, EFG Hermes and Citibank, to prepare a feasibility study and options to finance a transaction that would allow it to...
  • Thursday, 20 February 2020

    Central Bank of Egypt launches its mortgage finance program

    The Central Bank of Egypt (CBE) has launched its EGP 50 bn mortgage finance program for middle-income housing ahead of schedule, Deputy Governor Gamal Negm said, according to Hapi Journal. The program was expected to launch next month. All banks...
  • Thursday, 13 February 2020

    Cabinet approves the framework of the international arbitration advisory committee

    CABINET WATCH- Cabinet approves framework of int’l arbitration advisory committee: The Madbouly Cabinet approved yesterday the operating framework for a recently-formed government advisory committee on international arbitration, which would study, review, and make recommendations on the cases referred to it,...
  • Sunday, 19 January 2020

    Monorail financing to be clear by end of June

    International financial institutions interested in financing the Sixth of October City to Giza and Nasr City to the new administrative capital monorail projects will take a final decision by the end of June, unnamed sources told the local press. The...
  • Sunday, 22 December 2019

    AAIB looks for partners in EGP 2.1 bn syndicated loan for MNHD

    The Arab African International Bank (AAIB) has approached several local banks to contribute to a EGP 2.1 bn loan it is arranging for Madinet Nasr for Housing and Development, according to Al Shorouk. The company will use to loan to...
  • Thursday, 19 December 2019

    Prime Holding to launch its consumer financing arm in March

    Prime Holding will launch its consumer financing arm by March 2020, recently-appointed CEO Mohamed Maher told the local press. The launch is pending certain logistical procedures, including hiring staff and purchasing an electronic system, Maher said.
  • Thursday, 5 December 2019

    Banks to run background checks on businesses under new working capital financing regulations

    REGULATION WATCH- CBE issues new lending regs to banks: The Central Bank of Egypt (CBE) on Tuesday issued new regulations (pdf) that will require banks to dig into the ownership and creditworthiness of suppliers that companies are borrowing to repay....
  • Wednesday, 13 November 2019

    Earnings watch: EFG Hermes, Suez Cement, Tourah Cement, Raya Contact Center, AT Lease

    EARNINGS WATCH- EFG Hermes’s net profit after tax and minority interest rose 34% to EGP 358 mn in 3Q2019, compared to EGP 279 mn in 3Q2018, according to the company’s earnings release (pdf). Revenues grew 25% to reach EGP 1.2...
  • Wednesday, 13 November 2019

    UAE-based trucking network Trukker plans to enter Egypt before end of 2019

    STARTUP WATCH- UAE-based trucking network Trukker is to expand into the Egyptian market before the year is out, CEO Gaurav Biswas tells Bloomberg. Biswas was tight-lipped on additional details, including expected investments and the exact timeline for the company’s expansion...

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