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United Bank’s United Finance closes EGP 617.5 mn securitization
The issuance was backed by a EGP 933 mn leasing contracts portfolio
Our FX reserves inched up in October
An additional USD 132 mn was added to our FX stockpiles
CIB + Juhayna earnings jump in 3Q, 9M 2023
CIB saw its net income jump 89% y-o-y in 3Q 2023, while Juhayna’s net income more than doubled
Central Bank of Egypt holds interest rates steady
This was the last policy meeting before the presidential election in December, after which the CBE is expected to devalue…
FinMin takes USD 500 mn samurai bond issuance to market
Our second Samurai bond issuance is part of the government’s efforts to diversify its debt
Your Commute is getting pricier + CBE hold rates + US one of 14 countries who objected to a ceasefire during the last UN General Assembly
Good morning friends, and welcome to the weekend. We have a busy issue lined up for you with updates on…
CBE expected to hold interest rates when it meets later today.
Six of nine analysts surveyed by Enterprise expect the CBE to leave rates unchanged
Sky, Reliance Logistics in talks with BdC to fund multipurpose terminal at East Port Said port. Plus: Banque Misr land sale
Plus: The Egyptian Holding Company for Silos and Storage wants to borrow EGP 5 bn to fund silo expansion
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