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Afreximbank backs Vista Group acquisition of BICIGUI and BICIAB
African Export-Import Bank (Afreximbank) has closed a EUR 59.2 million Intra Africa Investment Finance Facility to finance Vista Group Holdings SA’s acquisition of majority stakes in Banque…
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Egypt is enhancing economic cooperation with Sudan to activate bilateral trade
Minister of Finance Mohamed Maait said Egypt and Sudan share common history and destiny as well as unified strategic objectives, noting that Egypt is seeking to enhance economic cooperation in the…
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FRA approves Bank ABC’s MTO for Blom Bank Egypt
The Egyptian Financial Regulatory Authority (FRA) approved the publication of a mandatory tender offer (MTO) submitted by Bahrain's Arab Banking Corporation (Bank ABC) to acquire Blom Bank Egypt.
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Egypt’s non-oil exports post $15.37bn in 6M
The Egyptian non-oil exports have increased by 23% to $15.37 billion during the first six months of 2021, compared to around $12.54 billion in the year-ago period, the Egyptian Minister of Trade and…
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NBE leads major loan to build campuses for European universities in Egypt
The National Bank of Egypt (NBE), the country’s largest public lender, has led a 962 million Egyptian pound ($61.2 million) syndicated loan from a consortium of local banks to finance building…
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Egypt inks $26m export deals with Cameroon, Senegal
Egypt's first trade mission to Cameroon and Senegal has achieved significant results with export agreements worth $26 million, Minister of Trade and Industry Nevine Gamea revealed.
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Egypt’s Sovereign Fund co-launches educational investment platform
A high-level coalition of Egyptian entities and banks has signed an agreement to establish the Lighthouse Education platform, with capital of EGP 1.75bn.
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Newly elected board of Egyptian Exchange announced
The Egyptian Exchange (EGX) announced, on Thursday, its new board of directors, consisting of 5 members who won in the internal election t
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Egypt’s Commercial International Bank net profit surges 22% in H1, 24% in Q2
Commercial International Bank (CIB), one of Egypt’s largest private banks, revealed on Tuesday its financial results for both the first half and second quarter of the year, reporting a 22 percent…
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QNB ALAHLI net profit grows 7% in H1
QNB ALAHLI, the Egyptian unit of Qatar National Bank, reported on Monday a 7 percent year-on-year growth in consolidated net profit for the first half of the year.
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