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Infrastructure 
EgyptAir in the market for a USD 870 mn loan to finance new fleet additions
EgyptAir is looking to borrow USD 870 mn from local banks to finance a portion of its planned purchase of…
Banking
Careem signs agreement with CIB to manage cash flow using Smart Wallet
Ride-hailing app Careem will be managing its cash inflows and payments using CIB’s Smart Wallet app under a new agreement…
SAIB in talks with EBRD for USD 20-30 mn loan
SAIB Bank is currently in talks with the European Bank for Reconstruction and Development for a USD 20-30 mn loan…
NBE planning on increasing stake in Mortgage Finance Fund
National Bank of Egypt (NBE) is planning on increasing their exposure to the CBE’s Mortgage Finance Fund to EGP 5…
Banque du Caire and The Export Development Bank join electricity loan consortium
Banque du Caire will contribute EGP 3 bn and the Export Development Bank a further EGP 1 bn to an…
Cost of high-yielding CDs up almost 100 bps after reserve ratio increase -source
The central bank’s move to increase the required reserve ratio to 14% from 10% raises the cost of high-yield certificates…
CIB investing in growing its digital solutions with a focus on the unbanked
CIB has been on the forefront of the banking sector’s digital transformation by investing heavily over the years in its…
26 foreign exchange companies resume operations
26 foreign exchange companies have resumed operations after seeing through the suspension imposed on them during the currency crisis,Foreign Exchange…
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