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CIB partners with Transfast to allow remittance transfers from Egyptian expats
CIB has partnered with money transfer company Transfast to allow Egyptian expats to send remittances to bank accounts in Egypt,…
Uganda’s central bank gives Egypt’s BdC green light to buy out Cairo International Bank
M&A WATCH- Ugandan central bank gives BdC green light to buy out Cairo International Bank: The Ugandan central bank has…
Sodic in talks with local banks for EGP 1 bn for east, west Cairo projects
Premier real estate developer Sodic is in talks with Banque Misr and other local banks to acquire a 3-5 year,…
Will the Central Bank of Egypt sign off soon on NBG’s sale to Bank Audi?
M&A WATCH- CBE to sign off soon on NBG sale to Bank Audi? The Central Bank of Egypt is set…
Palm Hills inks agreement with JBI to manage Sixth of October project
Real estate developer Palm Hills has signed an agreement with Julius Burger International (JBI) to manage phase 1A of its…
Mixed bag of nuts on a quiet night on Egypt’s airwaves
Last night was a mixed bag of nuts on a rather humdrum night on the airwaves. Banking system statistics, healthcare,…
Egypt’s state-owned e-Finance to go public by the end of the year, says chairman
IPO WATCH- Is the e-Finance IPO back on for 2019? The planned initial public offering of state-owned payments platform e-Finance…
Most Suez Canal certificate holders reinvest returns, Egyptian banks say
Most holders of Suez Canal certificates of deposit (CDs) reinvested their returns into other savings products after the CDs matured…
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