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EBRD provided NBE with USD 119.5 mn in financing for MSMEs
The loan will target MSMEs will a regional focus and those that are run by women or young people
Fitch upgrades four Egyptian banks’ credit rating outlook to positive
Fitch affirmed its B- rating for the four banks
NBE raises limits on FX transactions
NBE credit card holders will now have a monthly FX spending cap of the equivalent of EGP 5-60k
ACUD’s assets have tripled in value post float. PLUS: News from NBE, ITIDA, Al Ahly Momkn, IFC, Capricorn Energy
Three industrial developers have so far submitted offers for 1 mn sqm plots each in phase 2 of the new…
NUCA eyes EGP 260 bn sukuk issuance in 2024
NUCA’s issuance would be the first of its kind from a government entity
At least six state-owned banks rumored to be in line for leadership reshuffle
The National Bank of Egypt, Banque Misr, Banque du Caire, AAIB, EBank, and Suez Canal Bank could soon be under…
Admaius inks strategic partnership with local pharma player. PLUS: News from Madinet Masr, ACDIMA, Social Housing Fund
Matouk Bassiouny advised Admaius Capital on the transaction and Zilla Capital was the sole financial advisor to Parkville
Moody’s upgrades five local banks’ credit rating outlook to positive
Moody’s cited the FX liquidity from the Ras El Hekma agreement in addition to recent reforms
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