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EGPC borrows USD 500 mn from Afrexim, NBE to finance crude imports
The Egyptian General Petroleum Corporation (EGPC) will borrow USD 500 mn from the African Export-Import Bank (Afrexim) and the National…
Bank Audi Egypt takes on National Bank of Greece supervisory duties ahead of takeover
M&A WATCH- Is Bank Audi’s NBG acquisition still on? Bank Audi Egypt has begun supervising some of the operations of…
Arab African Bank grants EGP 200 mn in credit facilities to Premium Int’l
The Arab African Bank granted credit facilities worth EGP 200 mn to PremiumInternational for Credit Services to develop the company’s…
Ashraf Salman appointed as City Edge Chairman, Ahmed Wehashi joins board
MOVES- Ashraf Salman appointed City Edge chairman, Ahmed Wehashi joins board: The City Edge board has approved the appointment of…
CBE forms new monetary policy committee
RATE WATCH- Meet your new interest rate overlords: The Central Bank of Egypt (CBE) has formed its new Monetary Policy…
Egypt inflation nearly doubles to 7.1% in December
Inflation nearly doubles m-o-m to 7.1% in December: Annual urban inflation jumped to 7.1% in December, up from 3.6% in…
Egypt’s Raya Holding sets up parent company for NBFS businesses
Raya Holding has set up a new parent company for its three non-banking financial service businesses, the company said in…
Palm Hills negotiates EGP 500 mn loan to refinance debts
Palm Hills Developments (PHD) is negotiating with Ahli United Bank to obtain a loan of EGP 500 mn in order…
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