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Egypt’s FRA to hear Beltone’s appeal of its suspension today
The Financial Regulatory Authority will hear today an appeal today by Beltone Financial of a six-month suspension handed to the…
Consortium to provide EGPC with USD 750 mn loan for arrears
A Mashreq Bank-First Abu Dhabi Bank-HSBC consortium is arranging a USD 750 mn, five-year loan for the Egyptian General Petroleum…
SFD to finance ValU-Swvl installment plan cooperation
The Saudi Finance Fund (SFD) will finance an agreement between mass transit app Swvl and EFG Hermes’ valU that will…
International financial institutions looking at Banque du Caire IPO
IPO WATCH- Four international financial institutions are looking to buy stakes in Banque du Caire as soon as its IPO…
valU to extend its services to more online shoppers in Egypt
EFG Hermes Finance’s valU is in talks with six e-commerce companies to extend its payment-on-instalment services to more online shoppers,…
Banks say new tax treatment not to affect 2018 results
Banks say new tax treatment of income from gov’t debt won’t hit 2018 P&L: CIB’s 2018 financial results will not…
State-owned banks won’t be able to prop up the EGP for much longer than “a few more months at most” -Capital Economics
State-owned banks won’t be able to prop up the EGP for much longer than “a few more months at most,”…
Central Bank of Egypt plans to launch polymer banknotes by 2020
The CBE will launch plastic or polymer banknotes by 2020, which are more durable than their paper counterparts, CBE Governor…
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