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State exits microfinance player Tamweely after EGP 2.8 bn buyout by int’l consortium
The acquisition comes just ahead of our fourth IMF loan program review in late September
NBFSs register solid increases across the board in 2Q 2024, FRA says
Mortgage financing registered a 206.7% y-o-y increase in loan value
Foreign reserves continue their upward cruise, coming in at USD 46.6 bn in August
FX reserves seem to have weathered early August’s global market meltdown
CBE holds interest rates steady in line with expectations
The MPC sees inflation hovering around current levels until 4Q 2024
To cut, or not to cut, that is the question
Good morning, friends. It’s finally Thursday and the weekend is nearly upon us. But there’s still one whole work day…
BP to invest USD 400 mn in two new wells. PLUS: Agiba, Pickalbatros, Juba, Alexandria Port Authority, El Araby Group, carbon credits
The two wells will add a combined daily 400 mn cubic feet of gas to BP’s output
Mashreq Egypt taps Amr Hassan as CRO
Hassan served as the bank’s head of corporate credit risk for over four years
CBE expected to keep interest rates unchanged when it meets on Thursday
All eight analysts and economists we surveyed see the MPC holding rates steady
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