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Hermes Securities Brokerage closes EGP 900 mn short-term note issuance
The 12-month bond comes with a floating interest rate
The seven-day workweek is the new four-day workweek
A seven-day workweek could mean less work
NBE, AAIB, Banque Misr receive approval from CBE to expand regionally
The banks are set to expand in countries like Saudi Arabia, Kuwait, the UAE, Qatar, and Jordan
CBE cuts rates for second time amid easing inflationary pressures
The move marks the bank’s second rate cut since November 2020
Saudi deposits could be converted into new investments in real estate among other sectors
Several agreements are currently under review and are expected to significantly boost FDI
central bank cuts interest rates by 100 bps
Good morning, friends, and a very happy Friday to you all. As we write this, Cairo is experiencing the beginning…
What does the Labubu mean for the Egyptian economy?
The rise of Labubus in Egypt isn’t just your typical global trend adoption — and the proof is in the…
Valu raises EGP 1 bn in its fifth securitized bond issuance of its current program
The issuance is Valu’s 15th overall
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