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Suez Canal Bank sells Midor stake for USD 30.6 mn
M&A WATCH- Suez Canal Bank sells Midor stake for USD 30.6 mn: The Suez Canal Bank has approved the sale…
National Investment Bank shelves plans to privatize portfolio companies
National Investment Bank shelves plans to privatize portfolio companies: The National Investment Bank (NIB) has postponed plans to market seven…
Egypt’s fresh IMF support packages will help boost investor confidence, portfolio inflows -Fitch
Fresh funding from the IMF will help boost investor confidence in Egypt as portfolio outflows from emerging markets begin to…
Unemployment rises to 9.2% in April as coronavirus lockdown bites
Unemployment rises to 9.2% in April as coronavirus lockdown bites: Egypt’s unemployment rate rose to 9.2% in April from 7.5%…
Central Bank of Egypt leaves rates unchanged in May
CBE decides to keep a bullet in its chamber, leaving rates on hold at MPC meeting: The Central Bank of…
Credit Agricole appoints Didier Reboul as non-exec board member
MOVES- Credit Agricole Egypt has appointed Didier Reboul (bio) as a non-executive board member, replacing Mathieu Michel (bio), according to…
Earnings watch: ElSewedy Electric profits halve in 1Q as covid-19 hits operations
EARNINGS WATCH- ElSewedy Electric profit halve in 1Q as covid-19 hits operations: ElSewedy Electric’s quarterly profits plunged in 1Q2020 as…
Digital lender Shahry raises USD 650k in pre-seed funding
STARTUP WATCH- Digital lender Shahry raises USD 650k in pre-seed funding: Cairo-based digital lender Shahry has secured USD 650k in…
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