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Bahrain’s Bank ABC completes $480m acquisition of Blom Bank Egypt
Bahrain's Arab Banking Corporation (Bank ABC) finalised the acquisition of Blom Bank’s unit in Egypt for $480 million, two banking sources told Reuters.
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Egypt settles EGP 16bn taxes with petroleum companies
Egypt has settled due taxes worth 16 billion Egyptian pounds owed by some petroleum companies, the Minister of Finance, Mohamed Maait, revealed.
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Central Bank of Egypt explores ways to salvage tourism amid COVID-19 crisis
The Central Bank of Egypt (CBE) Governor, Tarek Amer, has held a high-level ministerial meeting to discuss methods of supporting the tourism sector during the novel coronavirus (COVID-19) pandemic.
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Trade Ministry, Attijariwafa Bank discuss cooperation in Egypt, Africa
Egypt and Attijariwafa Bank Egypt reviewed how the bank’s presence in Africa could enhance Egypt’s trade, industrial, and investment cooperation with the rest of the continent.
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EBRD provides €784 mn in credit lines for Egyptian private sector, SMEs in 2020
The European Bank for Reconstruction and Development (EBRD) handed €784 million in 2020 in liquidity lines to local banks for on-lending to businesses in the private sector, especially small and…
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Egypt inks MoU with Siemens to build Ain Sokhna-New Alamein electric rail
The Egyptian Prime Minister, Mostafa Madbouly, witnessed the signing of a memorandum of understanding (MoU) between the Ministry of Transport’s National Authority for Tunnels (NAT) and Siemens.
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ITFC to provide Egypt with $1.1 bln in finance solutions for 2021
The International Islamic Trade Finance Corporation (ITFC) will provide Egypt with $1.1 billion finances during 2021.
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Talaat Moustafa Group to provide 2m Egyptians with COVID-19 vaccines
The Egyptian Ministry of Health and Population signed a protocol of cooperation with Tahya Misr Fund and Talaat Moustafa Group Holding (TMG Holding) to cover the costs of COVID-19 vaccines for about 2…
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EFG Hermes closes EGP 700m securitisation bond issuance for Amer, Qasatli, Porto
The Egyptian Financial Group Hermes Holding (EFG Hermes) has concluded the first issuance of a securitisation programme worth 6.5 billion Egyptian pounds for Amer Group Holding Co, Porto Group…
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Investors Associations, Egy-Africa sign an agreement to help Egyptian firms expand into Africa
Egyptian Federation of Investors Associations and Egypt Africa Market research & Consultancy, the owner of Egy-Africa online platform, have a signed a memorandum of understanding to provide 6000…
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