EFG Hermes’ arm advises on 200.6 million EGP securitized bond offering
EFG Hermes’ arm advises on 200.6 million EGP securitized bond offering. The investment banking arm of EFG Hermes Holding (HRHO) concludes advisory on 200.6…
Saudi Arabia’s sovereign wealth fund is in advanced talks to acquire Egypt’s state-owned United Bank in a deal that could be worth about 600 million USD
Saudi Arabia’s sovereign wealth fund is in advanced talks to acquire Egypt’s state-owned United Bank in a deal that could be worth about 600…
China is reopening
Local gold prices surged to record highs last week, with 21 carat gold reaching EGP 1.8k for the first time ever
Local gold prices surged to record highs last week, with 21 carat gold reaching EGP 1.8k for the first time ever. Demand for the…
Xi Jinping hails ‘new era’ in China-Saudi Arabia relations
Xi Jinping hails ‘new era’ in China-Saudi Arabia relations. President pledges to strengthen ties with Gulf as visit coincides with low point between Riyadh…
Egypt inks 7 MoUs for green hydrogen projects with global, local consortia
Egypt inks 7 MoUs for green hydrogen projects with global, local consortia. Egyptian Ministry of Electricity, embodied in New and Renewable Energy Authority (NREA)…
Some gold merchants have stopped pricing the precious metal amid confusion about the USD price in the wake of October’s devaluation
Some gold merchants have stopped pricing the precious metal amid confusion about the USD price in the wake of October’s devaluation. Local gold prices…
High inflation, EGP devaluation weigh on Egypt’s non-oil private sector in November
High inflation, EGP devaluation weigh on Egypt’s non-oil private sector in November. Egyptian non-oil private sector businesses signaled a downturn in operating conditions in…
EU reaches deal to impose $60 cap on Russian oil exports
Egypt is looking forward to receiving the first tranche worth around $750 million from the IMF
Egypt is looking forward to receiving the first tranche worth around $750 million from the International Monetary Fund (IMF) under the $3 billion Extended…
