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El Khatib outlines Investment Ministry’s vision
Good morning, all. It’s another busy day for local business news, leaving us with a lot to look forward to…
Tamweel Mortgage Finance, AT Lease close securitized bond issuances
The two transactions bring the total value of securitized bonds issued in Egypt this year to more than EGP 32.9…
NBE and Banque du Caire report solid bottomline growth
NBE’s net income surged 146% y-o-y in 2Q 2024
Fitch upgrades four Egyptian banks’ credit ratings to B on the back of sovereign credit improvements
Fitch cited improved FX liquidity and a significant jump in net foreign assets
Hisham Ezz Al Arab to take over from Hussein Abaza as CIB’s new CEO
The changes are pending regulatory approvals
Egypt launches USD 660 mn ethane gas import company. PLUS: News from Banque du Caire, Tourism Ministry,
The company aims to import 1.1 mn tons of liquefied ethane gas a year
Fitch upgrades four Egyptian banks’ credit rating outlook to positive
Fitch affirmed its B- rating for the four banks
IFC pledges USD 50 mn to support mid-cap companies in Africa
The IFC has also agreed to a local currency swap with Banque Misr
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