Egypt Edition 
MENA+ Edition 
UAE Edition 
Saudi Edition 
AI + Innovation (MENA) 
Logistics (MENA) 
CIB’s net income nearly doubles in 1Q 2024
Revenues jumped 82% y-o-y to EGP 21.8 bn during the period
No more long bank queues
Good morning, y'all. Much like the weather, local business and economy news is heating up. In today’s issue, we’ve got…
Banque Misr’s MDI receives approval for digital banking license from CBE + CBE issues new ownership regulations
Those acquiring more than a 10% stake in a bank would have to request approval from the CBE 60 days…
HSBC’s revenue inches up in Q1 2024 + CEO Noel Quinn resigns
CEO Noel Quinn is stepping down from his post after nearly five years
IFC’s Sustainable Banking and Finance Network upgrades Egypt’s sustainable finance rating
The SBFN attributed the upgrade to “collaboration among Egypt’s financial regulatory bodies” to promote sustainability
EGX-listed companies can now buy or sell treasury shares on the open or secondary markets. PLUS: CBE to start accepting all bids from weekly fixed-rate main operation auctions, Belmazad launches online real estate auction platform
The amendments aim to increase demand for treasury shares
The blackouts are back. Plus: regional tension is growing
Good morning, and happy Friday. Eid is over and we are all back in town and maybe it’s time to…
CBE raises daily withdrawal limit
The daily limit on over-the-counter withdrawals has been raised to EGP 250k
Something went wrong. Please refresh the page and/or try again.