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The European Bank for Reconstruction and Development (EBRD) offered development financing of 4.9 billion euros to the public and private sectors in Egypt from 2017-2022 , according to The Ministry of…
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A consortium of Gulf banks, including Saudi Arabia’s Al Ahli, UAE’s Abu Dhabi Commercial Bank and Emirates NBD, and Qatar’s Khaleeji Commercial Bank, will jointly offer a loan of $250 million to…
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The Suez Canal Bank said that it has achieved a 6% growth rate, reaching EGP 57.4bn by the end of 2021, compared to 2020’s EGP 54.4bn, according to Hussein Rifai, the Chairperson and Managing…
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EFG Hermes’ investment banking division, the leading investment banking franchise in Frontier Emerging Markets (FEM), announced the close of the first issuance, worth EGP 794 million, in Misr Italia…
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FinTech Egypt -an initiative powered by CBE- is releasing the first report of its kind that provides a comprehensive and holistic overview of the unprecedented growth that Egypt has witnessed in…
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Banque du Cairo has secured a $30 million loan from the Green for Growth Fund (GGF) to strengthen the bank’s capital base.
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Egyptian economy has achieved a growth rate of 8.3% in the second quarter of the current fiscal year and 9.8% in the first quarter according to Prime Minister Mostafa Madbouli
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The Egyptian Natural Gas Holding Company (EGAS) plans to drill 13 exploration gas wells in the Mediterranean and the Nile Delta during fiscal year (FY) 2022/2023, the Chairman of EGAS, Magdy Galal,…
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The Suez Canal Authority (SCA) is studying selling shares in some of the companies it owns on Egypt’s stock exchange (EGX), authority chairman Osama Rabie told CNBC Arabia on Tuesday.
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The Federation of Egyptian Banks announced the issuance of a directive from the Central Bank of Egypt (CBE), excluding all incoming express mail shipments and shipments up to $5,000 or its equivalent…
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