Day: December 14, 2023

Raya Holding for Financial Investments has announced the signing of an agreement to acquire a 27.69% stake (23.9 million shares) in Ostool Transport and Logistics Company, currently held by Egyptian Gulf Holding for Financial Investments. This acquisition comes after successful negotiations and securing all necessary regulatory and administrative approvals. A…

CIB – Egypt has entered into a partnership and cooperation agreement to serve as the official banking partner and platinum sponsor of the Food Export Council (FEC) for the years 2023-2024. This initiative is part of the Egyptian government’s strategy to boost exports to $100 billion. The announcement was made…

Yahya Elwathik Bellah, Minister Plenipotentiary and First Undersecretary-Head of the Egyptian Commercial Service (ECS), emphasised the need to boost industrial production to $250bn to achieve Egypt’s export target of around $100bn. Speaking at the “Egypt’s Food and Agro Blueprint with Focus on Food Safety” seminar during the Food Africa 2023…

B.Tech, a prominent player in the trade, distribution of home and electronic appliances, and consumer financing services in Egypt, is on track to finalise a short-term securitisation bond issuance worth EGP 1bn. This issuance is part of a larger EGP 5bn multi-issuance program and is expected to be completed by…