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NBE to sell stake in 11 companies for EGP 1.8-2 bn, land for EGP 4 bn
The National Bank of Egypt (NBE) is planning on selling stakes in 11 companies and is targeting receipts of EGP…
Banking
El Sewedy Cement receives EGP 650 mn from NBE, QNB for cement license
The National Bank of Egypt and Qatar National Bank provided a EGP 650 mn bridge loan to Elsewedy Cement to…
EFSA exempts OTMT Acquisition, Americana Group from presenting mandatory tender offers on their acquisitions
The Egyptian Financial Supervisory Authority (EFSA) has exempted OTMT Acquisition from the requirement to launch a mandatory tender offer to…
Bank heads deny not giving adequate funding to small and medium construction contractor companies
Banks have been offering loans to construction contractors of all sizes, banking officials said at the Egypt’s Builders Conference yesterday,…
NBAD Egypt revamps internet banking, to launch mobile app
National Bank of Abu Dhabi (NBAD) Egypt launched a new internet banking platform powered by CR2’s BankWorld Internet platform, according…
EG Bank, QNB to fund 21% of Electricity Holding Company’s EGP 20 bn loan
The Egyptian Gulf Bank (EG Bank) and Qatar National Bank (QNB) will fund 21% of a EGP 20 bn facility…
NI Capital to form private equity fund in 2H17
State-run NI Capital plans to establish a private equity fund in 2H17, sources tell Daily News Egypt. The move is…
EGX issues new regulations to organize transfer of unlisted securities’ ownership
The EGX has issued new regulations on the transfer of ownership of securities not listed on the stock exchange. The…
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