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Saudi Binladin Group’s Al Marasem signs EGP 900 mn facility with banking consortium
Saudi Binladin Group subsidiary Al Marasem International for Development signed contracts for a EGP 900 mn loan with a consortium…
BANKING + FINANCE
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BANKING + FINANCE
MNHD begins procedures to launch GDR program
Madinet Nasr Housing & Development sought out the approval of the Egyptian Financial Supervisory Authority (EFSA) and the EGX to…
USD 47bn in transactions since the float
The banking sector has made USD 47 bn available for import-export activities since the EGP was floated in November, central…
Egyptian startup wants to be the country’s first bitcoin exchange
BitCoin Egypt is planning to launch Egypt’s first registered bitcoin exchange by the end of August, according to Startup MGZN.…
Raya’s Aman to expand with 50 branches
Raya Holding subsidiary Aman is set to expand into the Delta and Canal governorates by opening 50 new branches, according…
EFSA approves MTO by Arafat Sakr to acquire ICON
The Egyptian Financial Supervisory Authority (EFSA) has approved a mandatory tender offer by Arafat Sakr to acquire the remaining 46.5%…
Electricity Ministry receives EGP 1.3 bn tranche of EGP 37.4 bn loan
The Egyptian Electricity Transmission Company received a EGP 1.3 bn tranche of the EGP 37.4 bn facility it signed with…
Foreign investors seeking exposure to Egypt could use ETFs or ADRs
Foreign investors seeking exposure to the Egyptian market could invest in “ETFs that offer diversification through investment in a single…
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