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EBE to launch factoring arm with ECGE, NIB, National Bank of Egypt in 2Q2020
The Export Development Bank of Egypt (EBE) is planning to launch a EGP 50 mn factoring arm in 2Q2020, Board…
CBE extends cash cover for basic foodstuffs
The Central Bank of Egypt has extended the exclusion period for some basic food commodities, namely rice, lentils and fava…
CBE makes biggest rate cut on record to protect economy from covid-19 outbreak
The CBE has made its biggest rate cut on record, saying the move is to protect economy from covid-19 outbreak:…
Covid-19, air travel suspension and CBE interest rate cut reviewed on talk shows
CBE interest rate cut: Al Kahera Alaan’s Lamees El Hadidi spoke by phone with Hany Genena, head of research at…
What we’re tracking on 16 March 2020
It’s another big news day, and there’s more in store after the EGX plunged 9.3% yesterday (it’s worst one-day selloff…
State-owned Kenyan reinsurer eyeing Egypt
INVESTMENT WATCH- State-owned Kenyan reinsurer eyeing Egypt: Kenya Reinsurance Corporation (Kenya Re) is planning to establish a subsidiary in Egypt…
Al Ahly Sabbour signs EGP 5 bn agreement with the Urban Communities Authority to develop 6th of October’s Keeva
Real estate developer Al Ahly Sabbour has signed an agreement with the New Urban Communities Authority worth an estimated EGP…
AT Lease plans EGP 1 bn securitized bond offering in 3Q
DEBT WATCH- AT Lease plans EGP 1 bn securitized bond offering in 3Q: AT Lease is planning to issue EGP…
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