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Banque Misr remains undecided on whether to establish an independent mortgage financing arm
Banque Misr has yet to decide whether it will establish an independent mortgage financing arm, and is looking into the…
BANKING + FINANCE
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BANKING + FINANCE
Tanmeyah is in talks with two banks for EGP 1 bn facility
Private sector microfinancier Tanmeyah is in talks with two unnamed banks to receive a EGP 1 bn loan to help…
NBE to explore commercial application of blockchain tech as part of R3 consortium
The National Bank of Egypt (NBE) has joined the R3 Blockchain Consortium, which aims “to explore commercial applications of blockchain…
Eight banks supposedly provide OCI with USD 476 mn loan
Eight banks are allegedly providing Orascom Construction Industries (OCI) with a USD 476 mn five-year syndicated loan, Al Shorouk reportsin…
Pioneers Holding planning a EGP 1.1 bn capital increase
Pioneers Holding is planning new investments and expanding on its existing portfolio through a EGP 1.1 bn capital increase, a…
FRA allows the establishment of charitable investment funds
The Financial Regulatory Authority (FRA) approved a directive allowing the establishment of charitable investment funds, whose profits would go towards…
ODE raises freefloat shares to 25%
Orascom Development Egypt has raised its percentage of freefloat shares on the EGX to 25%, according to a bourse statement…
Al Baraka Bank plans to set up new investment arm
Al Baraka Bank is planning to set up a new investment arm in Egypt sometime during 2H2018, CEO Ashraf El…
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