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EFG Holding net income rises 20% y-o-y in 2Q 2023
The group’s investment banking, commercial banking and non-bank financial services arms all reported revenue growth
Bad times for US banks
The US banking system hasn’t yet recovered from this spring’s liquidity crisis
Heliopolis Housing appoints new CEO, MD
Sameh Hammouda succeeds Tamer Nasser at the real estate firm
Orascom Financial Holding wants to set up a digital bank
A number of local companies are eyeing setting up digital arms
Egypt’s foreign reserves continue to rise in July
Foreign reserves inched up to USD 34.88 bn
Al Ezz Dekheila Steel greenlights share buyback, EGX delisting
The government is offloading its entire stake in Al Ezz Dekheila
More Turkish firms eye local market as relations improve
Turkish companies Vestel and Zorlu to establish a USD 70 mn joint venture in Egypt.
HSBC’s net income more than doubles in 1H on rising rates
The bank has upgraded its full-year guidance for net interest income
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