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THIS EVENING: Environment Ministry kicks off garbage collection training program in seven governorates
Good afternoon friends, and welcome to this dusty beginning of week. We are really pulling teeth with our news cycle…
CIB to borrow USD 150 mn from EBRD
The funds will strengthen the bank’s Tier II capital
EFG Holding, E-Finance, Palm Hills + Macro Group report 3Q earnings
EFG Holding income, revenues up on investment, commercial bank growth:EFG Holding’s net income after tax and minority interest rose 24%…
EgyptAir places big Airbus order. PLUS: News from SODIC, Afreximbank, Hayat, Cleopatra Group
AVIATION- EgyptAir has placed another big order for new aircraft. National flag carrier EgyptAir has placed an order for 10…
Fitch cuts bank credit ratings following sovereign downgrade
Fitch, S&P and Moody’s have all downgraded Egypt’s sovereign rating over the past month due to rising debt concerns
Afreximbank appoints new executive vice president of global trade
ElMaayergi steps into the role with nearly 26 years of banking experience.
Egypt central bank, Kuwait wealth fund to divest 40% of AAIB
The sale is expected to take place in 2024
Standard Chartered to set up shop in Egypt by the end of the year
The British multinational lender tapped Mohammed Gad to run the Egyptian branch last week
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