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Sherif Samy joins Endowments Authority investment committee
Former Financial Regulatory Authority (FRA) boss Sherif Samy joined the Endowments Authority’s Investment Development Commission, which is expected to draft…
BANKING + FINANCE
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BANKING + FINANCE
Corplease issues EGP 1.074 bn securitization bonds through five banks
Corporate Leasing Company (Corplease) has issued EGP 1.074 bn in securitization bonds through a five-bank consortium, Al Masry Al Youm…
Sphinx Private Equity plans to set up USD 70 mn investment fund this year
Sphinx Private Equity Management is planning to set up a new USD 70 mn fund by the end of the…
Western Union looking to break into fintech in Egypt
Western Union is in talks with the central bank to obtain approval to begin offering mobile cash transfer and bill…
EBRD-led consortium agrees to renew and increase value of NBE loan to USD 750 mn
A global banking consortium led by the European Bank for Reconstruction and Development (EBRD) has agreed to renew and increase…
Banks to begin reporting financials under IFRS 9 starting from 2019 -CBE
Banks in Egypt will be requiredto begin presenting their financial statements in accordance with the IFRS 9 accounting standards starting…
Customs rate remains unchanged for another month
The Finance Ministry will keep the exchange rate for customs pinned at EGP 16 per USD 1 for February 2018,…
AICC subsidiary obtaining factoring license
Arab Investment & Development Holding Company (AICC) announced that its subsidiary Upper Egypt Leasing is applying for and has made…
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