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NBE-led banking consortium in negotiations for USD 600 mn loan to Red Sea Petroleum Refining Company
The National Bank of Egypt (NBE) is leading negotiations with Qatar National Bank, CIB and the National Bank of Kuwait…
Egypt-based CVentures invests in UK small business accounting app Countingup
STARTUP WATCH- CIB’s venture capital arm CVentures has invested in UK-based small business banking and accounting app Countingup, according to…
Two-year lockup on 106 mn CI Capital shares expires
A two-year lockup period on a little over 106 mn shares of CI Capital issued in a capitalincrease (pdf) as…
Earnings watch: CIB, Qalaa Holdings report 1Q2020 earnings
EARNINGS WATCH- CIB profits fall 9% in 1Q2020: CIB’s net profits fell 9% y-o-y to EGP 2.4 bn during the…
CIB
Doing more with your money is a surefire way to improve your quality of life and peace of mind. With…
CIB acquires 51% of Kenya’s Mayfair bank
M&A WATCH- CIB acquires majority stake in Kenyan bank as it continues its expansion outside Egypt: CIB has purchased a…
Raya aims to reissue EGP 700 mn in securitized bonds
DEBT WATCH- Raya looks to re-issue asset-backed securities with lower interest following CBE cuts: Raya Holding is looking to recover…
EGX slips back into the red, closing down 1.5%
The EGX30 slipped back into the red yesterday, closing down 1.5% to resume a spell of volatility that has gripped…
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