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Infrastructure 
MNHD income more than doubles in 9M 2022 + CIB’s bottomline rises 16% in 3Q 2022
Madinet Nasr Housing and Development’s (MNHD) net income was up 112% to record EGP 545 mn in the first nine…
CIB
GEM gets building award. CIB + Visa honor women entrepreneurs
The Grand Egyptian Museum received a “Green Building Award” from the Arab Water Council at the government’s Environment and Development…
Earnings watch: Eastern Company + CIB to move forward with capital increase
EARNINGS WATCH- Eastern Company’s net income after tax dropped 6% y-o-y to EGP 4.0 bn in FY 2021-2022, according to…
CIB acquires stakes in Elsewedy subsidiaries
Egypt’s largest private sector bank CIB has acquired a 15% stake in El Sewedy Engineering Industries (SEI) through a capital…
CIB plans record capital increase
EGX-listed private sector giant CIB is planning a multi-bn EGP capital increase that would raise its capital by around a…
CIB spinning up mortgage - factoring unit
CIB now has a mortgage finance + factoring arm: CIB has established Commercial International Finance after obtaining initial approval from…
CIB net income rises 9% in 2Q 2022
CIB’s net income rose 9% y-o-y to EGP 3.5 bn in 2Q 2022 as demand for short-term credit picked up,…
O West locks in financing worth EGP 1.5 bn to fast-track construction
O West lands EGP 1.5 bn in funding from CIB: Orascom Development Egypt (ODE) subsidiary Orascom for Real Estate (ORE)…
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