Egypt has postponed sine die the Initial Public Offering (IPO) to sell minority shares state-run Banque du Caire (BQDC.CA) due to spread of covid-19 contamination, reports say. The operation slated for mid-April on the Egyptian Stock Exchange aimed at selling the shares for about $500 million. The Bank Chairman Tarek Fayed, Reuters notes, told a […]
The World Bank plans to utilize guarantees to draw more international financing to Morocco, said Hiroshi Matano, Executive Vice President of the Multilateral Investment Guarantee Agency (MIGA). “We believe that these guarantees can help Moroccan borrowers (corporate and public institutions and non-sovereign risk counterparties) diversify their financing sources with private capital,” Matano said in an […]
Tunisian customs busted Thursday an attempt to smuggle 18 artifacts in the coastal town of Skhira, in the Sfax governorate. The customs detained a Tunisian citizen who was about to leave the country carrying 18 antique pieces, banned for trading, aboard a van heading to capital Tunisia. The suspect told authorities he was commissioned by […]
