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Annual urban inflation highest in almost 2.5 years in January
Annual urban inflation hit its highest level in almost two and a half years in January due to rising food…
Capital Med gets EGP 800 mn loan from NBE
The National Bank of Egypt (NBE) has approved a long-term EGP 800 mn loan to Capital Med to cover part…
New clearing company’s board formed in another step to joining Euroclear
Inching closer to “Euroclearable” status: The board of directors has been formed for our new central clearing and depository company,…
First Abu Dhabi Bank makes play for EFG Hermes
First Abu Dhabi Bank wants EFG Hermes: First Abu Dhabi Bank (FAB) has offered to buy a majority stake in…
THIS MORNING: Macro Group’s EGX debut + It’s inflation day
Good morning, wonderful people. We’ve made it through another workweek together, and our reward is what can only be called…
FRA announces guidelines to encourage responsible SME lending
The Financial Regulatory Authority (FRA) has set out responsible lending principles for non-bank SME financing products, according to a statement…
Are NFTs really booming — or are traders having us on?
All is not quite as it seems in the pixelated, unregulated world of NFTs: “Irregular sales” on nonfungible token (NFT)…
Gov’t ups local wheat purchase targets by over 10% y-o-y
Egypt to buy 4 mn tonnes of local wheat this season: Egypt plans to purchase 4 mn tonnes of wheat…
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