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CIB profits surge 62% in 3Q2021 as bank posts another record quarter
CIB’s net income surged 62% y-o-y to EGP 3.81 bn in 3Q2021 as net interest income of EGP 6.5 bn…
Egyptian women’s empowerment project attracts USD 8 mn in US funding
Egyptian women’s empowerment project attracts USD 8 mn in US funding: USAID has invested USD 8 mn over the past…
CIB to represent Africa on UN’s Net-Zero Banking Alliance steering group
CIB will represent Africa on the steering committee of the UN’s Net-Zero BankingAlliance, a group of 55 financial institutions set…
JTI proposes new changes for tobacco license
Japan Tobacco International (JTI) is still lobbying to amend the contentious tender to offer additional licenses to sell tobacco products,…
Fawry shareholders green-light plans to buy back stakes held by CIB, Banque Misr
Fawry’s shareholders greenlit the acquisition of CIB and Banque Misr’s stakes in subsidiary Fawry Plus, the e-payments giant announced in…
CIB to offer mortgage finance for SODIC units
CIB will now offer financing options with up to 20-year terms to home buyers purchasing property at SODIC-owned real estate…
TONIGHT: It’s a slow afternoon for news in Egypt
Happy hump day, ladies and gents. We hope you (and the kids) are excited that we’re now on the downhill…
SPMD threatens legal action in response to allegations of market manipulation
Speed Medical responds: Speed Medical issued a statement (pdf) threatening to take legal action for possible defamation against any media…
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