IFC and MIGA sign deal for 252MW Egyptian wind farm
The IFC will provide $84 mn in financing while MIGA will offer $122 mn in financial guarantees...
Tag : EGYPT
Investec’s Spinneys acquisition is its first PE investment in Egypt
Investec acquired Spinneys through its second pan-African private equity fund...
Foreign firms to launch 2,150MW wind energy projects in Egypt
The wind power stations will be established through a range of project financing such as BOO and EBC....
Sukuk spread its wings to Africa
Despite sukuk’s ongoing instability in GCC countries this year, there is a resurgence of interest across 18 African markets. What does this mean to the largely underbanked Muslim population in these markets?...
Surge in Egypt tourism with frequent UK visitors: Report
The Central Agency for Public Mobilization and Statistics show a 35% rise in British tourists visiting Egypt in February 2018...
Saudi Arabia, Egypt resumed oil products shipment
A three-month deal worth US$1.4bn has been signed between Saudi Aramco and the Egyptian General Petroleum Corporation...
Tech Startup Funding Report illustrates Africa’s startup-investor boom
South Africa, Nigeria and Kenya are top destinations for tech investments in 2017...
IFC-led consortium invests $653 million to support the world’s largest solar park in Egypt
Will help transform Egypt’s energy sector by helping the country meet its growing energy demand through renewables...
Iran says reversal of nuclear deal not possible
Other Arab leaders welcome Donald Trump’s victory IFM Correspondent November 11, 2016: Iran’s President Hassan Rouhani said that US president-elect Trump will not be able to reverse the nuclear deal. He said there is ‘no possibility’ of the nuclear deal being annulled. “The US no longer has the capacity to create Iranophobia and to create...
Saudi looks to austerity measures to cut losses
Government is seeking advice from experts on downsizing budget Suparna Goswami Bhattacharya January 25, 2016: Saudi Arabia has reveled in its oil-rich economy for years, but is finally feeling the pressure of falling oil prices. So much that the government is considering austerity measures. There are enough reasons to think about austerity, especially since the...