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US-based investment fund to acquire Egypt’s United Bank within three months, says Amer
M&A WATCH- The acquisition of United Bank by a US-based investment fund should be complete within three months’ time, CBE…
Banking
CBE signs MoU on technical training
The Central Bank of Egypt signed on Monday an MoU with AfreximBank and the Egyptian Banking Institute on technical training…
BdC to set up banking security company through employee fund
Banque du Caire is planning to set up a company specialized in banking security and money transfer services through its…
Madbouly urges opening of Banque Misr branch in Somalia
Prime Minister Moustafa Madbouly called for the opening of a Banque Misr branch in Somalia during a meeting with the…
BdC’s Tarek Fayed joins UAB board
MOVES- Banque du Caire Chairman and CEO Tarek Fayed has been named to the Union of Arab Banks’ (UAB) board…
Moody’s upgrades credit ratings of five Egyptian banks
Moody’s upgrades credit ratings of five local banks, with stable outlook: Moody’s has upgraded our friends at CIB along with…
Orascom Development Egypt renegotiates terms on 2016 syndicated facility
Samih Sawiris’ Orascom Development Egypt (ODE) has reached an agreement to amend the payment terms of a syndicated loan it…
NUCA agrees with Egyptian banks on EGP 6 bn loan
The New Urban Communities Authority (NUCA) has agreed with a banking consortium on a EGP 6 bn loan to meet…
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