banking Archives

Empower seeks USD 154 mn in funding from banks

Renewable energy company Empower is currently in talks with local and international banks for a USD 154 mn loan to…

Banque du Caire (BdC) is planning to invest a further EGP 200 mn into companies by the end of 2019,…

M&A WATCH- Bank Audi to acquire NBG’s Egypt arm: Bank Audi will acquire National Bank of Greece’s Egypt arm, including…

CIB eyes expansion into Kenya: CIB intends to enter the Kenyan market when it finds the right opportunity as part…

Banque du Caire is planning to set up a company specialized in banking security and money transfer services through its…

MOVES- Banque du Caire Chairman and CEO Tarek Fayed has been named to the Union of Arab Banks’ (UAB) board…

Moody’s upgrades credit ratings of five local banks, with stable outlook: Moody’s has upgraded our friends at CIB along with…

Samih Sawiris’ Orascom Development Egypt (ODE) has reached an agreement to amend the payment terms of a syndicated loan it…

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