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NI Capital to form private equity fund in 2H17
State-run NI Capital plans to establish a private equity fund in 2H17, sources tell Daily News Egypt. The move is…
BANKING + FINANCE
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BANKING + FINANCE
EGX issues new regulations to organize transfer of unlisted securities’ ownership
The EGX has issued new regulations on the transfer of ownership of securities not listed on the stock exchange. The…
Banque Misr looking to borrow USD 600 mn from international institutions
Banque Misr is in negotiations to secure USD 600 mn in funding, Chairman Mohamed Eletreby told Al Mal. Eletreby says…
Union National Bank to expand in Egypt, open branch in China
Union National Bank, which is 50% owned by the Abu Dhabi government, plans to expand "aggressively" in Egypt by opening…
Banks to notify CBE before sourcing foreign currency to gov’t entities
The central bank has sent a directive to all banks requiring them to notify it every time they are tasked…
CBE issues amendments to SME’s lending initiative
The Central Bank of Egypt issued amendments to its EGP 200 bn SMEs lending initiative, allowing renewable energy companies established…
State-owned banks to cover SAR needs for umrah -CBE
National Bank of Egypt, Banque Misr, and Banque du Caire have reached an agreement with the head of the tourism…
NBE says it will net almost EGP 12.5 bn in FY2016-17
National Bank of Egypt (NBE) expects to match its profit levels of EGP 12.5 bn recorded in FY2015-16 after making…
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