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CBE bans some prepaid cards from making international transactions
The move affects cards that aren’t linked to bank accounts
Banque Misr could soon get a USD 260 mn loan from IFC
The bank will use the loan for on-lending to local MSMEs and women-owned SMEs
EFG Hermes Holding is now EFG Holding
EFG Hermes Holding has officially rebranded to EFG Holding after the company’s shareholders signed off on the change during last…
Orascom Construction, Metito to build USD 2.4 bn desalination plant in Abu Dhabi. PLUS: Standard Chartered eyes Egypt, FX crisis hits Arab Alloys industrial complex
The project will process more than 500k cbm of seawater per day
EFG revenue, earnings more than double y-o-y in 1Q 2023
Revenues more than tripled at the company’s investment bank
Alameda plans USD 50 mn hospital in New Assiut. PLUS: Mercedes EVs, aiBank, Tunisian manufacturer eyes Egypt
This is part of the healthcare provider’s EGP 5 bn expansion plan
How JETPs can accelerate our path to net zero
Climate finance can address the impact of the green transition on emerging economies
It’s getting easier for the unbanked to bank
Today: The sultan of Oman wraps up his visit to Egypt, and the ceasefire in Sudan takes effect this evening
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