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Banque Misr approved a Shariah-compliant loan worth 1 billion Egyptian pounds ($64 million) loan for Bonyan Development and Trade Company and Porto Group, sources with knowledge of the matter told a…
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Orascom Financial Holding on Tuesday announced that Onsi Sawiris, the son of Egyptian business mogul Naguib Sawiris, has been appointed as its chairman.
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Raya Holding is planning to set up a fund that will invest in the portfolios of non-banking financial services (NBFS) companies, Al Mal reports.
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State-owned Banque du Caire (BdC) hasn’t seen a large rise in defaults despite covid-19, according to figures given by Chairman Tarek Fayed in an interview with the local press this week.
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Egypt received $16.5 billion in orders for its $3.75 billion Eurobond sale making the issuance about 4.4 times oversubscribed, the Minister of Finance, Mohamed Maait, said.
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Zulficar & Partners Law Firm has been mandated as legal advisor in Banque Misr’s potential acquisition of the share capital of CI Capital Holding for Financial Investments, its founding partner…
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Egypt’s new citrus season has just begun and its first shipments of locally produced oranges have been exported to Brazil, Egyptian trade minister announced on Monday.
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Banque Misr, one of Egypt’s largest state-run lenders, is planning to submit an offer to buy the share capital of CI Capital Holding for Financial Investments for 4.7 Egyptian pounds ($0.30) per…
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Egyptian President Abdel-Fattah al-Sisi on Saturday expressed confidence in the African Union (AU) to contribute to the advancing of efforts aimed at reaching a binding legal deal on the Grand…
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Egypt’s state-owned Banque du Caire will be partnering with an unnamed foreign investor to set up an e-payments company, its head of investments Mohamed Ragai told local newspaper Al Shorouk on…
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