• Tuesday, 18 August 2020

    Spinning and Weaving Holding co. set to receive EUR 540 mn loan this month

    State-owned Holding Company for Spinning and Weaving is expected to receive by the end of this month a EUR 540 mn loan that the National Bank of Egypt arranged earlier this year from two unnamed Italian and Swiss banks, Public...
  • Thursday, 13 August 2020

    Faragalla Group secures EGP 995 mn syndicated loan from Egyptian banks

    Faragalla Group has signed a EGP 995 mn syndicated loan agreement with CIB, the Arab African Bank, and the National Bank of Qatar, Al Mal reports, citing unnamed sources familiar with the matter. The agreement covers a little less than...
  • Thursday, 13 August 2020

    National Bank of Egypt in loan talks with EGOTH, HOTAC to finance hotel renovations

    The Egyptian General Company for Tourism and Hotels (EGOTH) is in talks with the National Bank of Egypt (NBE) for a EGP 400 mn loan to finance renovations of the Sofitel Winter Palace Hotel in Luxor, according to the local...
  • Thursday, 13 August 2020

    EBRD extends further USD 100 mn for trade facilitation in Egypt

    DEBT WATCH- EBRD extends another USD 100 mn for trade finance through Banque Misr: The European Bank for Reconstruction and Development (EBRD) has approved another USD 100 mn facility to increase an existing trade finance limit to state-owned Banque Misr...
  • Monday, 10 August 2020

    Egyptian Media Production City acquires 97.5% of Arab Hotel Company

    M&A WATCH- Media Production City increases holdings in Arab Hotel Company: State-owned Egyptian Media Production City (EMPC) has acquired a 97.55% stake in the Arab Hotel Company, by purchasing the shares of five other entities, the company said in an...
  • Thursday, 6 August 2020

    Rubex to restart expansion plans after covid-caused delays

    Plastic and acrylic manufacturer Rubex is restarting plans to build four new factories this year, after having put the expansion plans on ice due to covid-19, Chairman Magdy El Taher told the local press. The new facilities include an acrylic...
  • Wednesday, 29 July 2020

    Shareholders look to sell c. 7% stake in Fawry

    Shareholders look to sell 7% stake in Fawry: A group of shareholders are looking to sell a combined stake of c. 7% (50 mn shares) in EGX-listed e-payment company Fawry, a source with knowledge of the transaction told Enterprise. Selling...
  • Sunday, 26 July 2020

    NBE manages EGP 3.5 bn joint loan for Ezz Steel

    The National Bank of Egypt (NBE) is managing a EGP 3.5 bn joint loan for the Ezz Steel Group to increase its working capital, Al Shorouk reports, citing unnamed informed sources. NBE, the AAIB, Banque Misr and Banque du Caire...
  • Sunday, 26 July 2020

    NBE to obtain EUR 800 mn of EIB funding next month

    The National Bank of Egypt expects to land in the coming month some EUR 800 mn in funding agreed last week with the European Investment Bank (EIB), Al Mal reports, citing unnamed sources. The funding comes as part of a...

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