Latest in Tag: DNE Highlight

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Latest in Tag: DNE


UAE Telco Du agrees terms on $720m loan financing

Reuters – UAE telecom firm du has agreed terms on a $720m loan which will be used to replace two existing debt facilities and lower the company’s funding costs, two banking sources said on Sunday. The five-year loan will be provided by Abu Dhabi Commercial Bank, National Bank of Abu Dhabi and Saudi Arabia’s Samba …

Daily News Egypt

Luxembourg bill for debut sukuk to take 2-5 months to pass

Reuters – Luxembourg’s parliament could pass a bill as soon as two months from now to facilitate its first issue of sovereign sukuk, though an upcoming budget vote may delay approval for five months, a legislative official told Reuters. Last month, the Luxembourg government presented a bill to parliament to allow the securitisation of assets …

Daily News Egypt

Powerful Iraqi Shi’a cleric Sadr quits politics

AFP – Powerful Shi’a cleric Moqtada Al-Sadr, leader of a major political movement and a key figure in post-Saddam Iraq, has announced his exit from politics two months before elections. The decision, if confirmed as permanent, brings to a close a political career that began with his fierce opposition to the US military presence in …

Daily News Egypt

Citadel Capital says completes $530m investments

Reuters – Egyptian private equity firm Citadel Capital said on Sunday it had completed an EGP 3.7bn ($530m) programme of buying additional stakes in its subsidiaries. The purchases are part of Citadel’s transformation into an investment company that will hold majority stakes in subsidiaries in five core industries: energy, transportation, agrifoods, mining and cement, the …

Daily News Egypt

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Inside the Box

Since 25 Jan and former president Hosni Mubarak’s ouster, Egypt has been in a perpetual stage of transition. All dreams of a better future and rosier outlook have evaporated in the midst of unrest that has kept investors and tourists at bay, stifling economic growth. The economy has been battered ever since, with foreign debts …

Mohamed Fouad

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Revolution square one: Egypt three years on

By Al-Sharif Nassef Having revolutionary momentum pulled from under their feet twice, Egyptian revolutionaries face an increasingly upward battle against the tides of the establishment With the world watching, Egypt’s long-time intelligence chief, Omar Suleiman, announced the ousting of Hosni Mubarak from his presidential throne on 11 February 2011. The epic eruption of cheers, tears, …

Daily News Egypt

Jordans Hikma Pharmaceuticals Plc

Jordan’s drug-maker Hikma estimates 23% full-year revenue growth

Reuters – Jordan’s Hikma Pharmaceuticals Plc said it expects a 23% growth in full-year revenue, up from its prior forecast of about 20%, benefiting from a strong performance in its injectables and generics businesses towards the end of 2013. The London-listed company, which has grown over the past year on the back of a shortage …

Daily News Egypt