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Banque Misr to offer low-interest loans to IT companies under CBE initiative
Banque Misr to offer low-interest loans to IT companies under CBE initiative: Banque Misr (BM) and the Communications and Information…
Al Ahly Capital in talks to acquire e-payments firms Momken, Sadad
M&A WATCH- Al Ahly Capital is in talks to acquire 100% of e-payments firms Momken and Sadad in transactions that…
BRIEFLY NOTED- CBE’s POS machines, Emaar Misr says Cairo Gate isn’t new, Sika closes Bitumode acquisition
BRIEFLY NOTED- It will cost the central bank EGP 500-600 mn to finance the cost of rolling out 100k point-of-sale…
Egypt’s foreign reserves slip again in May, but at a slower pace
Foreign reserves slipped again in May, but at a slower pace: Foreign reserves edged down USD 1 bn to USD…
AfreximBank could give Egypt’s banks up to USD 750 mn of credit facilities
AfreximBank is looking at extending USD 500-750 mn worth of credit facilities to local state-owned and private banks to help…
Elsewedy Electric eyes EGP 800 mn-1 bn loan for 6 October Dry port
Elsewedy Electric is in talks with local banks to arrange a loan between EGP 800 mn and EGP 1 bn…
National Bank of Egypt and Banque Misr sell EGP 170 bn of high-yield savings certificates
State banks sell EGP 170 bn of 15% savings certificates in just over two months: Banque Misr has so far…
CIB Wealth allows you to access your banking services on the go
Music to our ears: CIB Wealth allows you to access your banking services on the go. It’s now easier than…
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