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Blackouts, interest rates and gold ownership get attention on the airwaves
Egyptians bought a record amount of gold in 2Q, according to the World Gold Council
HSBC’s net income more than doubles in 1H on rising rates
The bank has upgraded its full-year guidance for net interest income
Central Bank of Egypt expected to leave rates unchanged today
All analysts we surveyed expect the MPC to hold on raising rates for a third consecutive meeting
Mienta to invest USD 5 mn in new factory in SCZone. PLUS: News from the National Dialogue, Dragon Oil, Heliopolis Housing + BanknBox
The factory will produce small home appliances and start operating in 2024
Blackout schedules are in effect (well, sort of)
Areas across the country yesterday reported suffering power cuts outside of the government’s new schedule
Edita + Al Baraka Bank in line for loans from IFC
The international lender could lend USD 85 mn to the two companies, and mobilize an additional USD 15 mn for…
Beltone reportedly wants to acquire microlender Cash
Beltone this week announced plans to acquire an undisclosed microfinance player
Net foreign assets deficit widens to most on record in June
Net liabilities in the banking system widened by USD 2.6 bn during the month
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