Category: Egypt

Egypt has $5bn-6bn financing gap

Egypt is seeking $5bn in bilateral financing to complement the $12bn that the IMF plans to lend Cairo to support the fund’s three-year economic stabilisation programme, the IMF’s Middle East & Central Asia department director Masood Ahmed said at a press…

Minya and Readymix sale completed

Qalaa Holdings Chairman and Founder Ahmed Heikal For full coverage of Middle East business events, see MEED ASEC Cement, a business unit of Qalaa Holdings reached financial close today on the sale of its holdings in subsidiaries ASEC Minya Cement and…