EFG Hermes closes second issuance of a securitisation bond worth EGP 2bn for subsidiary Corp-Solutions
The bond is backed by a receivables portfolio of EGP 2.9bn, representing 24 lease contracts.
GlobalCorp issues second securitisation bond worth EGP 1.284bn
The offering consists of four tranches with tenures of 13, 37, 60, and 70 months, respectively, with the first receiving a rating of AA+, the second AA, the third A+,…
NTRA launches the third training session of EG-ATRC with the participation of 7 African and Arab countries
Training topics to be embarked upon in EG-ATRC’s third session are type approval and smart cities, as the African governments seek to maximize the utilization of Egypt’s smart city modules;…
The rights of Egyptians are in your hands: Al-Sisi to members of Supreme Council of Judicial Bodies
The state is keen on the independence of the judiciary and non-interference in its affairs as a consistent approach: Al-Sisi
AU condemns coup in Burkina Faso
According to an official statement, Chairperson of the AU Commission Moussa Faki condemned the “unconstitutional change of government” in Burkina Faso.
EFG Hermes concludes advisory as joint bookrunner on Dubai-based Salik IPO
The IPO saw Salik offer 1.9 billion ordinary shares, representing 24.9% of its share capital, at a price of AED 2 per share, implying total gross proceeds of over AED 3.7bn…
HATS mission’s 4th edition kicks off with participation of 80 international buyers from 22 countries
Chairperson of the EEC Sherif Al-Sayyad stated that the fourth edition of the HATS mission comes under difficult conditions for the movement of trade as a result of global events,…
Egypt’s FM heads to Kinshasa to participate in preparatory conference for COP27
According to a statement by the ministry, the meeting comes within the framework of Egypt’s efforts to prepare for the substantive aspects of the COP27, as the meeting is the…
Banks operating in Egypt tend to replace LIBOR with SOFR as reference rate for dollar certificates, deposits
Banks in Egypt will modify rates on dollar certificates in line with global dollar rates to attract savings in foreign currency
Tourism Minister, Red Sea Governor inaugurate largest tourist walkway in Hurghada
Several tourist resorts and hotel facilities are located along the new walkway. The first phase of the walkway was established more than 20 years ago, with a length of about…