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NIB sells 459,395 shares in ADIB Egypt for EGP 4.8 mn
The National Investment Bank (NIB) sold 459,395 shares in Abu Dhabi Islamic Bank (ADIB) Egypt for EGP 4.8 mn, according…
Banking + Finance
Home / Banking + Finance
EFG Hermes Leasing, ELAB sign EGP 50 mn agreement
The Egyptian Arab Land Bank and EFG Hermes Leasing announced concluding a EGP 50 mn agreement to “jointly offer leasing…
NBE earns USD 12 bn from foreign exchange
The National Bank of Egypt has earned north of USD 12 bn from foreign exchange since 3 November, Vice Chairman…
Central Bank says no USD amounts outstanding for foreign firms
Egypt has no outstanding debts to foreign companies, having paid USD 160 mn in arrears so far, central bank Governor…
Banque Misr in negotiations for loan
Banque Misr has entered into talks with international lenders for a USD 500-700 mn facility, according to Al Borsa. The…
Fawry to upgrade systems for EGP 300 mn
Fawry is looking to spend EGP 300 mn in the second half of the fiscal year to upgrade its systems,…
Al Ahly Capital to convert 39.5% of its shares in AMOC to GDRs on LSE
Al Ahly Capital is converting 39.5% of its shares in state-owned Alexandria Mineral Oils Company (AMOC) — the equivalent of…
Banking system received USD 41 bn since EGP float
The banking system has collected USD 41 bn since the EGP float last November, Ahram Gate reports, citing an unnamed…
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