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CBE governor to meet with Investor Associations next week to resume talks on pre-floats LCs
CBE Governor Tarek Amer will meet with members of the Union of Egyptian Investors Associations early next week to resume…
CBE approves EGP 2.5 bn capital increase for United Bank of Egypt
The central bank has approved an EGP 2.5 bn capital increase for the United Bank of Egypt, ahead of its…
QNB to increase authorized and paid-in capital through bonus issue
Qatar National Bank Alahly (QNBA) received the board of director’s nod to increase its authorized capital by EGP 5 bn…
El Sewedy Cement in talks for EGP 5 bn in loans
El Sewedy Cement is in talks with a banking consortium for an EGP 4 bn loan to finance expansions in…
Rasmala acquires controlling stake in UK serviced apartments company
Asset management outfit Rasmala announced it acquired a 68% of Orchard Apartments, an owner, operator and developer of boutique corporate…
Arab African International Bank signs cooperation agreement with SCZone
The Arab African International Bank (AAIB) has signed a cooperation protocol with the SCZone, Al Masry Al Youm reported. The…
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