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Valuation talks begin for Banque du Caire listing on the EGX
Good afternoon, friends, and kudos to you for making it to the weekend. It’s been quite the overwhelming week, but…
USD crosses EGP 50 mark as CBE lets currency absorb after war Iran outflows
Yesterday witnessed foreign outflows hitting USD 885 mn
Market flexibility faces its first post-float test as the USD nears EGP 50
The greenback edged closer to the EGP 50 mark on Monday for the first time in 10 months as geopolitical…
EGP slips following foreign investor exits
Good afternoon, ladies and gentlemen, and welcome back. It’s another hectic afternoon in the press as the situation in the…
Central Bank of Egypt raises growth forecasts, but keeping the lid on inflation remains top monetary priority
The upgrade comes on the back of “anticipated contributions from non-petroleum manufacturing and services sectors”
CIB says it received the green light to start due diligence on HSBC Egypt’s retail franchise
CIB is not the only potential suitor for HSBC’s retail business in Egypt if the latter decides to sell, with…
Egypt, GCC decouple from a West at risk of stagflation in 2026
The bank sees real GDP in Egypt projected to hit 4.5% this fiscal year
HSBC says it’s committed to commercial, investment banking in Egypt amid reports it’s inching closer to exiting retail franchise
“HSBC is very committed to Egypt as a strategic market in which we are squarely focused on the needs of…
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