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Afreximbank appoints new executive vice president of global trade
ElMaayergi steps into the role with nearly 26 years of banking experience.
Inflation eases for the first time in five months in October, slower than analyst expectations
Food inflation slowed for the first time since April
Egypt central bank, Kuwait wealth fund to divest 40% of AAIB
The sale is expected to take place in 2024
THIS EVENING: CBE + KIA to offload stakes in AAIB. Plus: No cyberattack at Fawry
Good afternoon friends and Happy Thursday. The week has ended with privatization updates entering our news cycle alongside the conflict…
Aur microfinance arm raises EGP 225 mn from securitization. PLUS: News from cabinet and SODIC
The issuance came in two tranches, both rates P1
Standard Chartered to set up shop in Egypt by the end of the year
The British multinational lender tapped Mohammed Gad to run the Egyptian branch last week
Debt news from Tatweer Misr + Raya. Plus: Expat car-for-FX initiative registers 100k in first week, Tantawy on trial
The AAIB is extending an EGP 3.5 bn facility to Tatweer Misr
Standard Chartered names first Egypt CEO
Gad has more than 22 years of experience in the industry, and previously headed the bank’s branch in Qatar
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