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Banque Misr receives USD 80 mn from Credit Suisse
Banque Misr has received an USD 80 mn tranche in funding from Credit Suisse, Banque Misr Vice Chairman Akef El…
Banking + Finance
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Al-Futtaim chooses banking consortium for EGP 1.2 bn facility
Al-Futtaim Group Real Estate tapped four banks for a EGP 1.2 bn syndicated loan to be used for debt restructuring,…
Banks begin reducing rates on high-yield CDs
A number of banks have scrapped their high-yield certificates of deposit and began repricing them at rates 100-300bps lower than…
Dubai’s Mubasher Holding acquires 36% stake in Egypt’s Mubasher Securities
Dubai’s Mubasher Holding Ltd. acquired a 36% stake in Egypt’s Mubasher Securities for EGP 1.8 mn through one of its…
Banque du Caire arranging EGP 2 bn loan for EGAS
Banque du Caire is arranging an EGP 2 bn loan for EGAS, Al Mal reported. The loan will be paid…
Egypt still an area of focus for Shuaa Capital
Egypt remains a main area of focus for Shuaa Capital alongside Saudi Arabia and the UAE, Reuters reports. Away from…
EFSA issue unified code to regulate over-the-counter trading
The Egyptian Financial Supervisory Authority issued a set of unified guidelines on Monday to regulate the OTC market, particularly with…
NBE, Banque Misr to retain FY2015-16 earnings
Banque Misr and NBE are planning to retain their earnings for FY2015-16 to strengthen their capital base, unnamed sources tell…
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