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HSBC was named Egypt’s Best Bank for Diversity and Inclusion
The award recognizes HSBC’s work supporting widows and students with disabilities
Masria Digital Payments ups payment card production with new production lines. PLUS: Al Ahly CIRA, Inversion, Shalateen Mineral Resources
The new production lines will increase MDP’s annual production capacity by 20% to 36 mn payment cards
Aman issues EGP 1 bn in securitized bonds
The issuance is part of a wider EGP 5 bn, three-year securitization program
Everything you need to know about Act Financial long-awaited IPO next month
The company will offer additional 360 mn shares at EGP 2.90 a piece, with a 36% markdown from their fair…
International Holding Company subsidiary Palm Sport to operate Al Ahly’s El Qalaa El Hamraa. PLUS: EGP 5 bn aluminum factory, trade talks with Russia, startups news galore
The EGP 12 bn sports city complex in Sheikh Zayed will house Al Ahly’s new 44-k seat home stadium
Mashreq’s USD 500 mn bond sale meets heavy demand, allows lender to lock in the lowest coupon by a UAE bank in past three years
The issuance was 4.4x oversubscribed
Central bank switches around rules for hiring auditors and accountants. PLUS: News from Misr Ins. Holding and MM Group
Firms have 12 months to comply with the new rules.
Foreign reserves soar to all-time high following Ras El Hekma funds
FX reserves hit USD 46.1 bn at the end of May
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