Browsing Category
Main
Emirates NBD to provide EGP 2 bln for Egypt’s biggest agricultural wastewater plant
Emirates NBD Egypt Bank announced the provision of 2 billion Egyptian pounds ($127.4 million) to finance the construction of Egypt’s biggest agricultural wastewater treatment plant.
Read More...
Read More...
Talaat Moustafa Group’s profit grows 23%, posts record sales in H1-21,
Talaat Moustafa Group Holding (TMG Holding) achieved net profits of EGP 869.38 million in the first half (H1) of 2021, an increase of 23.16% year-on-year (YoY) from EGP 705.85 million, the unaudited…
Read More...
Read More...
Mohamed Farid re-appointed as EGX Chairman
Egypt’s Cabinet has renewed Mohamed Farid’s mandate as chairman of the country’s stock Exchange (EGX) for another four years, an EGX statement showed on Sunday.
Read More...
Read More...
CBE keeps interest rates unchanged for 6th time in row
The Monetary Policy Committee (MPC) decided to keep the Central Bank of Egypt’s (CBE) overnight deposit rate, overnight lending rate, and the rate of the main operation unchanged at 8.25 percent, 9.25…
Read More...
Read More...
Blom Bank Egypt’s shares sold in MTO reach 298.6m
The Egyptian Exchange (EGX) said that 298.62 million shares of Blom Bank Egypt's total 300 million shares have been sold in a mandatory tender offer (MTO), according to a statement on Thursday.
Read More...
Read More...
Egypt’s trade deficit widens 10% in May – CAPMAS
Egypt’s balance of trade deficit increased by 10.0% year-on-year (YoY) to $3.34 billion in May from $3.04 billion, according to data released by the Central Agency for Public Mobilization and…
Read More...
Read More...
Africa to rollout 400m vaccine doses to AU member states, the Caribbean
Africa announces the start of monthly shipments of vaccines acquired by the AU / African Vaccine Acquisition Trust (AVAT) to the AU Member States today, President Cyril Ramaphosa, President of the…
Read More...
Read More...
Egyptian banks’ credit risks ease on improving economy, Fitch
Fitch Ratings said on Tuesday that pressures on Egyptian banks’ credit profiles and viability ratings have eased on improvements in the country’s operating environment since end of the third quarter…
Read More...
Read More...
IFC invests $100 million in Egypt’s first private sector green bond
The International Finance Corporation (IFC), a World Bank member, announced on Tuesday it is investing $100 million in Egypt’s first private sector green bond, issued by the Commercial International…
Read More...
Read More...
Credit Agricole Egypt’s profit grows 9.4% in H1-21
Credit Agricole Egypt recorded consolidated net profits of EGP 767.09 million during the first half (H1) of 2021, up by 9.4% year-on-year (YoY) from EGP 701.02 million.
Read More...
Read More...