Top News & Analysis
MACRO NEWS
The Minister of Trade & Industry confirmed that, over the past period, measures have been taken to speed up the release of imported cars. (Cabinet of Egypt)
Qatari officials have discussed investing USD2-3bn in the local market in talks with the Egyptian government. (Enterprise)
CORPORATE NEWS
Elsewedy Electric [SWDY] BoD has approved the condition of a finance contract between SWDY and International Finance Corporation (IFC) in order to finance future acquisition or building new factories. (Company disclosure)
Alexandria Mineral Oils [AMOC] is targeting net earnings of EGP532mn for the year 2022/23. (Company disclosure)
Tasaheel the microfinance arm of MNT-Halan has closed USD150mn securitized bond as a part of a larger USD600mn securitization program with the Commercial International Bank [COMI]. (Enterprise)
ValU, the consumer finance arm of EFG Hermes Holding [HRHO] is providing instalments solution to pay unit finishing fee for Arab Developers Holding [ARAB]. (Arab Finance)