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ODE board proposes share split to widen shareholder base
Orascom Development Egypt’s (ODE) board of directors proposed implementing a share split yesterday that would change the par value of…
Banking
Banque Misr to retain 2016-17 earnings to support capital
Banque Misr is planning on retaining 2016-17 earnings to support the bank’s capital, Vice Chairman Akef El Maghraby tells Al…
Global Lease looking to borrow EGP 1 bn
Global Lease is in talks with a number of unnamed banks to secure EGP 1 bn in financing for its…
Credit Agricole, Faisal allocate EGP 500 mn and EGP 200 mn to CBE’s mortgage finance initiative
The central bank’s Mortgage Finance Fund has signed agreements with Credit Agricole and Faisal Islamic Bank that will see them…
NBE to manage Zohr foreign currency revenues
National Bank of Egypt (NBE) will be managing the foreign currency revenues generated from the Zohr gas field, Al Mal…
Egypt asks EU for EUR 1.5 bn loan, EUR 100 mn grant for energy and oil projects
Egypt has asked the European Union for a EUR 1.5 bn loan and EUR 100 mn grant to support projects…
CBE to launch QR code-based payment system
The central bank is planning to launch a QR code-based payment system in the next few days, Governor Tarek Amer…
NBE to divest assets worth a total EGP 250 mn in 2018
The National Bank of Egypt is looking to divest its stake in assets worth a total EGP 250 mn during…
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