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Finance Ministry, CBE plan to end overdraft account by June
EXCLUSIVE- FinMin, CBE look to clear government’s overdraft by June: The Finance Ministry and the Central Bank of Egypt (CBE)…
The global economy is in a “delicate moment,”- IMF
The global economy is in a “delicate moment,” the IMF says: The global economy is in a “delicate moment”, IMF…
Egypt’s banks need to set aside additional capital for credit concentration risks
New requirements from Central Bank of Egypt on management of portfolio concentration risk: Commercial banks are now required to set…
Egypt mulling renewing USD 23 bn Aramco agreement
Gov’t mulling renewal of USD 23 bn Aramco agreement: The government is studying whether to renew its five-year agreement to…
Siemens Gamesa settles on Elsewedy-Marubeni consortium for first phase of wind power project
Siemens Gamesa has selected a consortium of Elsewedy and Marubeni to launch the first phase of 180 MW wind power…
Marakez to build mall in Egypt’s Mansoura City
Coming soon: Mall of Mansoura: Marakez Real Estate Investment has purchased a 47-acre plot in Mansoura City from the Internal…
Edita to launch new BonBon candy
Snackfoods giant Edita is launching a line of juice-filled stick candies under the BonBon brand in strawberry, orange, and apple…
United Energy Group acquires Egypt operating Kuwait Energy for USD 651 mn
M&A WATCH- United Energy Group acquires Kuwait Energy for USD 651 mn: Hong Kong-listed energy firm United Energy Group has…
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