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Al Marasem in talks with banks for EGP 1.6 bn Islamic finance
Al Marasem International for Development is in talks with several banks to get an EGP 1.6 bn Islamic loan to…
CIB included in 2019 Bloomberg Gender-Equality Index
CIB has been included in the 2019 Bloomberg Gender-Equality Index (GEI), which recognizes efforts by companies across the globe to…
Earnings Watch: CIB, Sidi Kerir, EgyptAir report 2018 earnings
EARNINGS WATCH- CIB posts record full-year 2018 earnings: Our friends at CIB delivered a 27% y-o-y increase in net income…
EBRD earmarks USD 100 mn for female entrepreneurs in Egypt
INVESTMENT WATCH- The EBRD has earmarked USD 100 mn to support SMEs run by Egyptian women, Regional Principal Manager for…
House grants preliminary nod to new banking tax treatment
LEGISLATION WATCH- House grants preliminary nod to new tax treatment of bank holdings of state treasuries: The House’s general assembly…
Egypt’s M2 money supply growth slows to 13.3% in Dec
Egypt’s M2 money supply grew by 13.3% y-o-y in December, slowing slightly from 14% the previous month, CBE data shows.…
Egypt signs agreement with EBRD for EUR 79 mn Kitchener drain loan
The Local Development Ministry signed yesterday an agreement to release a EUR 79 mn tranche of the EUR 148 mn…
EGX approves issued capital increase for CIB, Orascom Development
The EGX has approved CIB’s c.EGP 2.92 bn issued capital increase, according to a bourse statement (pdf). The EGX also…
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