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Net foreign assets rise for a second month, hitting USD 10.2 bn in February
A narrower deficit at commercial banks helped lift the sector’s external position
IDG plans to set up new industrial zone in new capital, New October
PLUS- Petrojet to build factories in Algeria, Saudi Arabia
Alstom’s Borg El Arab railway manufacturing complex gets the green light from gov’t
PLUS- Rashid Petroleum Company is planning to increase gas production by 44.1% y-o-y to 320 mn cubic feet per day…
Air Liquide, China’s EUG ink MoU to set up green ammonia projects
PLUS- Mashreq Bank will promote potential investments in Egypt
HSBC launches first-of-its-kind cash management solution in Egypt, UAE
HSBC will now allow treasurers to manage cash 24/7, including weekends and national holidays
EFG Holding sees revenues rise 66% to a record EGP 24.4 bn in 2024
Growth was fueled by growth across the holding company’s three segments
Madbouly confirms gov't looking for a new valuation for Banque du Caire
The state still hasn't decided how big a stake it will offer, saying the valuation will factor in its decision
Banque Misr, NBE slash rates on three-year USD CDs
The reduction is not expected to affect the attractiveness of these certificates, a banking expert told us
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