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CIB secures USD 148 mn in financing from AfDB to support SMEs
The African Development Bank (AfDB) has approved a USD 148 mn financial package for CIB, which will be used to…
Net foreign liabilities hit record high in October as FX pressure mounts
Net foreign assets widened to negative USD 27.2 bn from USD 26.8 bn
CI Capital, Orascom Construction report 9M 2023 earnings
CI Capital’s net income climbed 54% y-o-y to reach EGP 747 mn in 9M 2023, driven by a strong growth…
United Bank stake sale could come sooner than we think + El Sisi checks on the economy
El Sisi “gave directives” for the ministers to “continue working on developing national economic programs
NUCA closes second EGP 15 bn securitized bond issuance this year
NUCA keeps its spot as the biggest player in the local securitization market
EBRD interested in acquiring stakes in United Bank, Banque du Caire
The European lender has lodged interest with the sovereign fund and is waiting for clarity about the size of the…
ASCOM acquires stake in Canadian gold producer. PLUS: News from Gold Era and NBE
ASCOM’s APM Investment Holding has sold its 35% stake in Kurmuk Gold Project
Hassan Abdalla reappointed CBE governor + Ahmed Galal joins AUC Board
#1- Hassan Abdalla gets another year as CBE governor: President Abdel Fattah El Sisi has reappointed Hassan Abdalla as the…
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