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FRA agrees to criminalize recommendations on listed securities on social media
The Financial Regulatory Authority approved a legislative proposal to prohibit and criminalize recommendations on listed securities on the Egyptian Exchange on social media, in order to prevent…
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Qalaa Holdings reports 46% increase in consolidated revenues to EGP 12.8bn
Qalaa Holdings reported a 46% increase y-o-y in consolidated revenues to EGP 12.8bn and EBITDA also rose nearly sevenfold to EGP 1.2bn in 3Q21.
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B Investments establishes new healthcare company
B Investments Holding has established B Healthcare Investments with an authorised capital of EGP 1 billion to invest in specialised healthcare companies in Egypt.
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First Abu Dhabi Bank Participates in the 7th CEOs Thoughts Conference
First Abu Dhabi Bank participated in the 7th CEOs Thoughts Conference in the presence of Hisham Tawfik, Minister of the Public Business Sector and Mohamed Farid, Chairman of the Egyptian Stock…
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Palm Hills closes seventh securitisation bond issuance worth EGP 1.05bn
Palm Hills Developments (PHD) has completed its seventh securitisation bond issuance backed by a receivables portfolio of around EGP 1.05 billion, in cooperation with Sarwa Capital, a subsidiary of …
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Banque du Caire sees 7% higher net profits in Q3-21
Banque du Caire's net profits of seen an increase by 7% to EGP 2.7 billion by the end of the third quarter (Q3) of 2021, compared to EGP 2.5 billion in the correspondent period according to local…
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Delegation of 4 African countries visits Egypt to enforce cooperation on MSE development
A delegation from four African countries, Cameron, Senegal, Ivory Coast, and the Comoros, has visited Cairo to discuss enhancing cooperation with Egypt on the development of micro and small…
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Egypt-UK relations truly go from strength to strength: UK Ambassador
UK Ambassador to Egypt Gareth Bayley said the relationship between the two countries is truly going from strength to strength.
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Egypt’s external debt increases to $137.9bn in June 2021
Egypt’s external debt increased by about $14.4bn to $137.9bn in June 2021, compared to $123.5bn in June 2020.
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Non-governmental deposits in local currency reached EGP 4.308trn in October
The non-governmental deposits in local currency with the Egyptian banking sector, other than the state-owned banks, recorded EGP 4.308trn in October 2021, up from EGP 4.239trn in September 2021.
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