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CIB acquires stakes in Elsewedy subsidiaries
Egypt’s largest private sector bank CIB has acquired a 15% stake in El Sewedy Engineering Industries (SEI) through a capital…
Credit Agricole acquires a 4.8% stake in Credit Agricole Egypt
Crédit Agricole Group acquired a 4.8% stake in Crédit Agricole Egypt on Thursday, it said in a disclosure (pdf) to…
Three local banks lend Tatweer Misr EGP 3.5 bn
Tatweer Misr has secured an EGP 3.5 bn financing agreement with the National Bank of Egypt, AAIB, and Banque Misr,…
The National Dialogue is starting to take shape
National dialogue rapporteurs appointed: The 19-member board of trustees overseeing the Sisi administration’s national dialogue named six rapporteurs and assistant…
CIB plans record capital increase
EGX-listed private sector giant CIB is planning a multi-bn EGP capital increase that would raise its capital by around a…
THIS MORNING: It’s PMI day + Abdalla, cabinet are working on monetary and fiscal policy as IMF talks continue
Good morning, nice people. The last weekend of summer is now behind us (almost-officially in the US and Canada, where…
A measure of relief coming for importers?
CBE, Trade Ministry mull fresh relief for importers: The Central Bank of Egypt and Trade and Industry Ministry could allow…
Selling electricity to Greece. Plus: Philip Morris is making smokes here now and farmers will get more for wheat
More energy cooperation with Greek partners? Electricity Minister Mohamed Shaker yesterday discussed expanding cooperation and investment with Greek energy and…
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