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How much longer can the banking system support FX outflows without the central bank releasing some reserves?
How much longer can the banking system support FX outflows without the central bank releasing some reserves? We all know…
Banking
EFG Hermes to obtain license in Nigeria as early as next week
EFG Hermes could land Nigerian investment banking license by early next week: EFG Hermes frontier unit chief Ali Khalpey told…
NUCA looks to borrow EGP 10 bn for new city construction and infrastructure
The New Urban Communities Authority is looking to borrow EGP 10 bn to finance construction and infrastructure works in the…
State banks are considering issuing letters of guarantee for Dabaa nuclear project
The Nuclear Power Plant Authority (NPPA) is negotiating with local banks for letters of guarantee worth USD 300-400 mn to…
Insurance Act to require insurance on electronic banking transactions
LEGISLATION WATCH- Insurance Act to require insurance on electronic banking transactions: The Insurance Act, which is currently under review by…
Egypt’s Banque Misr sells 2% stake in Saudi’s Samba
M&A WATCH- Banque Misr has sold its 2% stake in Saudi Arabia’s Samba Financial Group for USD 370 mn, Vice…
Orascom Investment wants at least 25% of Sarwa Capital
** #3 M&A WATCH- Sawiris’ Orascom Investment wants at least 25% of Sarwa Capital: Orascom Investment Holding (OIH)is looking to…
MIDOR signs USD 1.2 bn loan agreement with three EU banks
State-owned company Middle East Oil Refinery (MIDOR) was meant to have signed yesterday the final contracts for a 10-year USD…
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