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Infrastructure 
NBE to start handling electronic transactions for 16 universities
The National Bank of Egypt signed agreements with 16 unnamed Egyptian universities to provide them with a range of e-payment…
Banking
NBE seeks to be liable for USD 1 bn by end of FY2018-19
The National Bank of Egypt (NBE) is in talks with international banks and financing institutions to borrow up to 1…
Pharos Holding increases AUM to EGP 4.55 bn in 1H2018
Pharos Holding raised its assets under management (AUM) to EGP 4.55 bn by the end of 1H2018, Chairman and CEO…
EGX approves National Cement Company delisting
The EGX approved yesterday the National Cement Company’s request to delist its 103.2 mn shares, according to an EGX statement.
Obour Land applies for EGP 400 mn capital increase
Obour Land has submitted a request to the Financial Regulatory Authority (FRA) to increase its issued capital to EGP 400…
National Cement Company files for delisting
The National Cement Company has filed papers with the EGX to delist its 103.2 mn shares, according to an EGX…
United Bank to launch microfinance unit by year’s end
The United Bank of Egypt is planning to launch a specialized microfinance unit by the end of 2018, Chairman Ashraf…
Ethydco in talks with local banks to finance EGP 1.8-2 bn polybutadiene plant
The Egyptian Ethylene and Derivatives Company (Ethydco) is reportedly in talks with local banks to arrange a EGP 1.8-2 bn…
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