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It’s sayonara to high-yield CDs at the end of the month
Banque Misr and the National Bank of Egypt are pulling their one-year, 25% certificates of deposit after the end of…
Resilient banks + reduced-price bread
It was banking and bread on the airwaves last night: The attention of the talking heads was captured by a…
A message from Mashreq
Outlook for 2023 Message by Amr El Bahey — CEO of Mashreq Egypt Global economic activity may face some headwinds…
THIS EVENING: New 25% certificates from Banque Misr, NBE + PMI contraction softened in December + Pachin gets another suitor
Good afternoon, friends, and welcome to what has shaped up to be a brisk news day, suggesting the new year…
FRA tightens controls on follow-on lending to SMEs
DEBT- State-owned Assiut National Oil Processing Company (ANOPC) secured a USD 2.9 bn loan to finance its new hydrocracking complex,…
Last Night’s Talk Shows: Banks to secure FX to clear import backlog within 4 days, says El Sisi
It was another econ-heavy night on the airwaves, this time centered on President Abdel Fattah El Sisi’s speech during a…
MAF to invest EGP 750 mn in Egypt by 2025
DEBT- Arabian Construction Company to borrow EGP 3 bn from CIB: CIB has agreed to provide the Arabian Construction Company…
THIS MORNING: At least two banks have tightened FX limits + Pachin shareholders to discuss takeover offers today.
Good morning and happy hump day, ladies and gents. We have an M&A-heavy issue for you this morning, another indicator…
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