CIRA to offer EGP 600m Sukuk in December, with Hermes acting as issuance manager
The sources said that the company is currently completing the offering documents with the Financial Regulatory Authority (FRA). CIRA aims to complete the offering before the end of the year,…
ODE signs $265m medium-term loan to refinance outstanding debt
In a press statement on Monday, ODE said that it intends to use the proceeds to refinance its outstanding balances of debt to relieve the company from upcoming debt commitments, worth…
IMF urges G20 to jointly build foundations for better global economy
Georgieva’s comments came during the recent G20 summit, which took place virtually on 21-22 November, hosted by Saudi Arabia.
HSBC expects Egypt to build on growth momentum during 2021
Egyptian economy expected to grow by 2.5% in 2021, following 2.4% growth in 2020
Israeli PM reportedly meets Saudi crown prince
Riyadh has declined to form formal ties with Israel, saying the Israeli-Palestinian conflict should be discussed first.
Cairo University launches competition encouraging e-education
The platform has been designed as a method of developing educational content, and employing modern technology as part of the educational process.
Ethiopian military restores control of more towns in Tigray, urges civilians to ‘save themselves’
Next phases are decisive part of operation, which will encircle Mekelle using tanks, says military spokesperson
Egypt eases payment terms for entities requesting medical supply through AUPP
The ministry’s move comes as part of the Egyptian government’s efforts to confront the novel coronavirus (COVID-19) pandemic, and to ensure that the full needs of the country’s health care…
RTVC close to obtaining EGP 3.3bn of syndicated loan
The funding will be provided in two tranches, with the first tranche amounting to a total of EGP 2.438bn. The first tranche of funding will be directed to financing lease…
USAID grants $5m to support 40k vulnerable mothers, children in Egypt
The grant will complement the Egyptian Ministry of Social Solidarity’s national social protection Takaful and Karama programme, by providing six months of food assistance to 40,000 vulnerable pregnant and nursing…