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MTS signs EGP 760 mn loan agreement with the National Bank of Egypt for “window project”
Public-private special purpose vehicle (SPV) Misr for Technology Services (MTS) has signed a EGP 760 mn loan agreement with the…
Banking
Earnings watch: Abu Dhabi Islamic Bank and Juhayna
EARNINGS WATCH- Abu Dhabi Islamic Bank’s net profits after tax rose by 74% y-o-y to EGP 658.5 mn in 1H2019,…
Egypt’s economic conditions could allow CBE to accelerate easing cycle -HC Securities
Egypt’s economic conditions could allow CBE to accelerate easing cycle, fully reverse monetary tightening by 2020 -HC Securities: Improving economic…
Egypt’s Prime Holding acquires close to 10% of AT Lease at EGP 29 mn
M&A WATCH- Prime Holding has acquired close to 10% of Al Tawfeek Leasing (AT Lease) in a transaction worth nearly…
Central Bank of Egypt launches no-risk interest rate benchmark CONIA
The Central Bank of Egypt (CBE) launched on Thursday CONIA, an interest rate benchmark that is effectively no-risk to “support…
Tamweely Microfinance to launch seven new branches through partnership with National Postal Authority
Tamweely Microfinance is launching seven new branches in National Postal Authority (NPA) offices throughout Egypt as part of a partnership…
Medsofts plans to invest EGP 180 mn in Nile Silos
Medsofts is planning to invest EGP 180 mn in expanding the storage capacity of Nile Silos to 235k tonnes, General…
What we’re tracking on 30 July 2019
We’re starting to see signs of renewed momentum in the state privatization program: State investment bank NI Capital is moving…
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