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Abu Qir net income up 30% in 2020-2021
Abu Qir Fertilizers’ net income rose 30% during FY2020-2021, clocking in at EGP 3.5 bn compared to EGP 2.7 bn…
Mubasher Capital wants to IPO by 2025
Mubasher Capital Holding has ambitions to debut on the Egyptian Exchange in the next 3-5 years, Chairman Ehab Rashad told…
Sovereign sukuk sale coming in 2H FY2021-2022
Egypt is preparing to issue its first tranche of sovereign sukuk in the second half of FY 2021-2022, Finance Minister…
US growth slows as delta variant spreads, Eurozone looks forward to a strong 3Q
US economic data published in recent weeks has fallen short of expectations with reports missing the mark by the largest…
FRA makes operations easier for charitable funds
Endowments of registered local charities will only be required to set aside a maximum of EGP 5 mn, or 2%…
EKH to establish microfinance firm Bedayti by 4Q2021, eyes consumer finance
Egypt Kuwait Holding (EKH) plans to expand its footprint in financial services by establishing a microfinance firm called Bedayti during…
Are US equities in for a slump when Fed unwinds stimulus?
US investors and stocks: hang on tight and don’t let go. Expectations are for a bumpier ride in US equities…
Tamweely could be in line for a total of EGP 500 mn in loans from local, foreign institutions
Microfinance player Tamweely is in talks with a syndicate of three local banks to obtain EGP 300 mn finance in…
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