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NBK sees Egypt and Saudi as growth markets
Egypt and Saudi are among the markets the National Bank of Kuwait sees growth in, Group Deputy CEO Shaikha Khaled…
Banking
Government plans to offer up to 30% of Banque Du Caire in IPO this year
Expect up to 30% of Banque du Caire to be offered via IPO this year: The government is planning to…
FinMin temporarily suspends EGP 320 electronic tax filing fee
Finance Minister Mohamed Maait has reportedly ordered a temporary halt to the EGP 320 fee imposed on taxpayers filing their…
Ahly Capital taps former Amwal AlKhaleej top Egypt exec as its new CEO
MOVES- Karim Saada, former Amwal AlKhaleej executive vice president and Egypt country head, has joined Ahly Capital as CEO, sources…
EGPC borrows USD 430 mn from Credit Agricole
Credit Agricole Egypt has granted the Egyptian General Petroleum Corporation (EGPC) two loans totaling USD 430 mn, according to statements…
Renaissance Capital’s Cape Town investor conference comes to an end
EGX Chairman Mohamed Farid called on investors in South Africa to tap the Egyptian stock exchange. Speaking at Renaissance Capital’s…
South Africa’s Absa mulls expansion into Egypt
South African lender Absa is eyeing Egypt as a market for expansion in the future, Reuters reports. The recently-separated bank…
Egypt’s new Consumer Credit Act with House “in days”
LEGISLATION WATCH- Consumer Credit Act heading to House “in days”: The proposed Consumer Credit Act, which will govern retail financing…
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