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El Sisi ratifies new tax treatment for Egyptian banks
LEGISLATION WATCH- El Sisi ratifies new tax treatment for banks: President Abdel Fattah El Sisi has signed off on proposed…
Central Bank of Egypt studies licenses for SME-focused lenders
CBE studies licenses for SME-focused lenders: The Central Bank of Egypt (CBE) is mulling issuing licenses for new institutions specialized…
Bank Audi to complete due diligence for NBG Egypt arm bid by month-end
M&A WATCH- Bank Audi to complete due diligence for NBG Egypt bid by month-end: Bank Audi will complete by the…
What we’re tracking on 21 February 2019
Turkey-style migration agreement with the EU takes a step forward next week: The EU-Arab League summit is set to take…
CIB to arrange USD 80 mn loan to Qalaa’s ERC
CIB is arranging a USD 80 mn loan to Qalaa Holdings’ Egyptian Refining Company (ERC) with a tenor of one…
Perpetual bonds to boost Chinese capital
Perpetual bonds to boost Chinese capital. Here’s why you should care: China’s commercial banks are due to issue a fresh…
ADIB reports 35% y-o-y rise in 2018 net profits to EGP 850 mn
EARNINGS WATCH- Abu Dhabi Islamic Bank Egypt (ADIB) reported a 35% y-o-y increase in 2018 consolidated net profit to EGP…
NBE to loan out EGP 6 bn by June, EGP 600 mn for natgas projects
The National Bank of Egypt (NBE) is planning to loan out EGP 6 bn to its retail customers by June,…
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