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CIB’s net income nearly doubles in 1H 2024
The bank’s performance during 1H 2024 is its strongest to date
Fertilizer companies restart operations as gas supplies return. PLUS: Futek, Wellpal, Azimut, EdVentures, Orascom Development Egypt
The restarting of operations follows the resumption of production at Sidpec’s factory last week
New Visa report highlights crucial financial trends for Egypt’s SMEs
SMEs make up 98% of companies operating in Egypt, employing over 47 mn Egyptians
Net foreign assets record their first surplus in over two years
Egypt’s net foreign asset position turned to a surplus on the back of FX inflows from the Ras El Hekma…
Banque Misr and NBE follow CIB in halving FX commissions and raising credit card limits
Banque Misr and the National Bank of Egypt are halving their FX commissions to 5%
FX inflows and exchange rate stability boost banking sector forecasts, says Fitch Solutions
Egypt has signed around USD 57 bn worth of financing in 2024
CIB halves FX markup fees to 5% and eases card limits abroad
Good morning, folks. As many of you may know all too well, the government extended planned rolling blackouts for an…
JICA to soon disburse USD 300 mn loan for the fourth line of the Cairo Metro. PLUS: Tagaddod, Organi Group, QNB Al Ahli, Friday Ice Cream, Mediterraneo, Arkan Palm
The first phase of the line — which will connect Cairo, Giza, and the outskirts of Sixth of October city…
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