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Emaar loves Egypt + Edita’s big move in Morocco
Emaar Properties plans to double its Egypt operations to 30% of its overall business, founder Mohamed Alabbar told Asharq Business,…
National Bank of Kuwait
Credit Agricole and NBK Egypt plan capital raises + it looks like Banque Misr is upping its bid for CI Capital
The EGX30 fell 0.3% at today’s close on turnover of EGP 1.3 bn (9.8% below the 90-day average). Local investors…
Earnings Watch: Raya Holding, Allianz Egypt, Prime Holding, Al Baraka, Domty, AT Lease, EIPICO, National Bank of Kuwait, MM Group
EARNINGS WATCH- Raya Holding sees revenue growth and narrowing losses in 9M2020: Raya losses eased to EGP 53.6 mn during…
NBK approves resignation of deputy CEO Omar Wahby
MOVES- The National Bank of Kuwait has accepted the resignation of deputy CEO and board member Omar Wahby, according to…
EBRD extends further USD 100 mn for trade facilitation in Egypt
DEBT WATCH- EBRD extends another USD 100 mn for trade finance through Banque Misr: The European Bank for Reconstruction and…
Earnings Watch- AT Lease, Domty, Misr Cement Qena, Obour Land
EARNINGS WATCH- AT Lease reported EGP 35.7 mn in net profits during 1H2020, up 4.6% from EGP 34.14 mn in…
EBRD may increase financing to Egyptian banks to USD 1 bn -sources
EBRD may boost financing to Egyptian banks by USD 150 mn -sources: The European Bank for Reconstruction and Development (EBRD)…
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…
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