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CBE launches initiative to finance hotel renovations
Elsewhere, the CBE has launched an initiative to provide affordable financing for the tourism industry, urging banks to make funds…
Speed Round
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Banking sector net profits grows 60% Y-o-Y
Egypt’s banks have grown their combined net profits 60% year-on-year to EGP 56 bn in 2016, said CBE Deputy Governor…
Foreign inflows gaining since the EGP float, eurobond issue
This comes as foreign inflows have continued to gain steam since the EGP float, with foreign holdings of T-bills growing…
Egypt’s economy to bottom out in the current fiscal year
The general optimism on the economy continues as Egypt’s economy should bottom out and start improving in FY2016-17, according to…
PwC says Egypt’s economy to grow past Canada’s by 2050
Can Egypt’s economy really surpass Canada’s by 2050? Yes, says PwC: Emerging economies could be twice the size of developed…
Inktank Communications is hiring an investor relations analyst
*** Investor relations analyst wanted: Inktank Communications, the Cairo-based investor relations firm that works with both major EGX-listed companies and…
Aramco hires four banks to advise on its first bond sale ahead of 2018 IPO
Saudi Aramco has hired four banks to advise on its first bond sale ahead of its 2018 IPO, Bloomberg reported.…
Egypt at 108 on Corruption Perceptions Index alongside Ethiopia, Algeria, and Cote D’Ivoire
Egypt ranked 108 on Transparency International’s Corruption Perceptions Index for 2016, alongside Algeria, Cote D’Ivoire, Ethiopia, and Guyana. “More countries…
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