Latest News Egypt
Bank
05/02/2021 at 16h21, by Africa Business+
Emirates NBD still targets Egypt after failing to acquire Blom Bank
The Dubai banking institution believes the growth opportunity would allow its local subsidiary to overcome...
Maritime transport
04/02/2021 at 19h07, by Africa Business+
With no prospect in Port Said CMA CGM succeeds in Alexandria
CMA CGM is finalizing a partnership with the Egyptian authorities to operate Pier 55, the multipurpose...
Bank
29/01/2021 at 15h18, by Tarik Bargal
Baker McKenzie advises Blom Bank on the disposal of Egyptian subsidiary
Blom Bank Egypt SAE has been acquired by Arab Banking Corp, which intends to build on the €352 million...
Advisory
28/01/2021 at 17h51, by Tarik Bargal
Ashurst assists J.P. Morgan and UK Export Finance in the financing of the Cairo Monorail
The British public institution granted a £1.7 billion loan to the Egyptian authorities, who opted for...
Telecoms
04/12/2020 at 23h18, by Africa Business+
Zain seeking potential telecoms acquisition in Egypt
If it succeeds in its ambition to expand into this second North African market, the Kuwaiti network...
Mines
02/12/2020 at 08h06, by Aurelie Benoit
Centamin’s Martin Horgan renews confidence in Capital Ltd and persists with Sukari
The company, coveted by Endeavour Mining, is refusing to part with its Sukari gold mine – one of the...
Construction & Infrastructure
01/12/2020 at 15h20, by Africa Business+
Egyptian National Railways signs €24 million deal with Siemens
The German group will provide its ZUB technology to boost traffic on part of the national network.
Health
19/11/2020 at 14h49, by Aurelie Benoit
Sofiane Lahmar outlines the plans for DPI, CDC and EBRD’s new health platform
The British private equity firm has just completed its first two transactions in the sector for $250m,...
Construction & Infrastructure
09/11/2020 at 15h44, by Africa Business+
Cemex still awaiting Assiut Cement privatisation verdict from Egypt’s Constitutional Court
A decision from the country’s highest court concerning a retroactive law introduced by the former Acting...
Bank
03/11/2020 at 15h42, by Africa Business+
Bank Misr working to strengthen Banque du Caire while awaiting its IPO
The public bank and its subsidiary are seeking financing, while the latter’s listing has been postponed...
Building materials
09/10/2020 at 15h36, by Tarik Bargal
Emaar delays final cement plant payment owed to Egyptian company Helwan
More than two years after the takeover, the Dubai-based group has still not paid its entire €36m bill,...
Construction & Infrastructure
14/09/2020 at 16h50, by Africa Business+
Nassef Sawiris (Orascom) secures working capital from EBRD
Anticipating a growing need for working capital in the coming months, the Egyptian billionaire’s construction...
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