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Cabinet approves decision to cut down on electricity theft. PLUS: News from CIB, Tanmeyah
The government is working to reduce energy consumption by 18% by 2035
CIB’s net income nearly doubles in 1H 2024
The bank’s performance during 1H 2024 is its strongest to date
Fresh funds from the EU, EIB, Germany, EBRD
Egypt and the EU inked an agreement that will disperse EUR 1 bn in macro-financial assistance during the second half…
HSBC was named Egypt’s Best Bank for Diversity and Inclusion
The award recognizes HSBC’s work supporting widows and students with disabilities
Fitch upgrades four Egyptian banks’ credit rating outlook to positive
Fitch affirmed its B- rating for the four banks
CIB’s net income nearly doubles in 1Q 2024
Revenues jumped 82% y-o-y to EGP 21.8 bn during the period
Post-float return of FX liquidity persuades MSCI to remove special treatment measures for Egyptian stocks
Changes will take effect after May 31
Xinxing has another USD 250 mn worth of investments in the pipeline for Egypt. PLUS: Locally made e-bikes, MM Group Saudi expansion, Madinet Masr launches Sarai project, CIB eyes green on-lending funds, Farahy looks to GCC investors
The Chinese state-owned company just broke ground on a USD 146 mn ductile pipe factory
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