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NBE, AAIB, Banque Misr receive approval from CBE to expand regionally
The banks are set to expand in countries like Saudi Arabia, Kuwait, the UAE, Qatar, and Jordan
EFG Holding reports strong operational growth despite y-o-y decline
Good afternoon, wonderful people, and welcome to the almost-weekend. We’re on yet another temperature upswing, and anticipate a second consecutive…
Net foreign assets increase for the third month running, recording USD 15.4 bn in March
Commercial banks recorded their first surplus since August
El Sisi ratifies new Labor Law
PLUS- A EGP 1.4 bn factory for blood collection bags is in the works
Local banks rush to cut rates on savings following interest rate cut
The nation’s talking heads are picking up on banks moving to cut rates on their saving products as they react…
Official opening of Saxony Egypt University sees raft of MoUs inked with German partners. PLUS: K&K Group + EETC, Ades Holding, Bank NXT, Domty, Intro Group + Advec
The university is the largest private technological university in the greater Cairo region
TBS Holding eyes UAE consumer packaged goods company, KSA IPO in Gulf push. PLUS: Domty, Banque Misr, CIRA Education, Energean, Heliopolis Housing
TBS Holding is currently in talks to acquire a Dubai-based consumer packaged goods firm
Net foreign assets rise for a second month, hitting USD 10.2 bn in February
A narrower deficit at commercial banks helped lift the sector’s external position
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