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Rising interest income drives FAB’s record earnings in 3Q
Profits for the quarter jumped to AED 4.3 bn from AED 2.9 bn the year before
Siemens, Intro Group to build power plants in Egypt, the region. PLUS: News from the SCZone, Cheiron, Qasatli, Mashreq, and EdVentures.
The two firms will establish facilities producing a combined 300 MW of power by 2030
Morgan Stanley thinks an S&P 500 rebound may be on its way
An S&P 500 rebound “is more likely than not,” said Stanley’s chief US equity strategist
Amr El Ganainy named deputy CEO and managing director at CIB
El Ganainy previously headed up CIB’s institutional banking division
CBE curbs credit card use amid FX crunch
News reports say that credit card users will only be able spend USD 250 of FX a month while in…
Four banks could receive EBRD loans to fund SMEs, green projects
The financing could be made available before the end of the year, according to a senior figure at the EBRD
Elsewedy and Al Kharafi grab electricity transformer station contracts
The government has EGP 7 bn project to establish nine transformer stations in partnership with the private sector
Banque Misr lands USD 234 mn from IFC for MSME support
Half of the funds will be directed to female-led MSMEs
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