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Infrastructure 
ICON management makes mandatory offer to acquire company
Industrial Engineering Company for Construction and Development’s (ICON) management, headed by chairman Arafat Mohamed Maged appears to have made a…
Banking
Banque Misr, NBE set growth targets for FY2017-18
Banque Misr is looking to secure a 20% growth average across its operational board in FY2017-18, Vice President Akef El…
EFSA approves establishment of Union Capital’s venture capital fund
The Egyptian Financial Supervisory Authority (EFSA) gave Union Capital the green light to launch the venture capital fund meant to…
CBE grants 10 banks licenses for electronic banking operations
The Central Bank has awarded e-banking licenses to 10 banks, Assistant Sub-governor Ayman Hussein told the press this weekend without…
Administrative Court refers Beltone’s lawsuit against EFSA, EGX to State Commissioners
The Administrative Court referred Beltone Financial’s lawsuit against the bourse and Egyptian Financial Supervisory Authority (EFSA) to the State Commissioners’…
Banque Misr arranging EGP 500 mn facility for Tanmeyah
Banque Misr is arranging a EGP 500 mn facility for micro financier Tanmeyah to fund upcoming expansion plans, sources in the…
Government cancels sale of five-year treasuries on Monday
Egypt canceled its sale of five-year t-bills at an auction on Monday, according to CBE data. This was reportedly due…
Fawry planning EGP 400 mn expansion in coming 18 months
E-payments platform Fawry is planning a EGP 400 mn expansion over the next 18 months of its online payment network…
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