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CIRA Education’s normalized net income rose 95% y-o-y in 1Q FY 2025-26
Plus: IFC extends USD 220 mn green financing to Banque Misr, Abwaab acquires Apex Education, Jameel Finance wraps securitization issuance
Banks brace for EGP 1.5 tn “liquidity tsunami”
Both NBE and Banque Misr decided to reduce yields on several EGP savings certificates
Foreign reserves increase to USD 50.2 bn in November
PLUS- El Garhy Investment and Development Group upped its stake in EGX-listed Arab Developers Holding
Banque Misr taps Amr Demerdash as head of corporate banking
Damardash brings 30 years of banking experience to the position
Talaat Moustafa’s Icon is setting up a luxury tourism project near GEM
PLUS- Banque Misr steps foot into Djibouti
The country’s first digital bank to launch services next year
MDI has received approval from the Central Bank of Egypt to transform into onebank
Banks are loosening up FX restrictions as Abdalla nears end of current term
Higher reserves from tourism, remittances, exports, and portfolio investments are giving lenders room to cut markups and loosen restrictions on…
EBRD, Banque Misr ink USD 100 mn sustainability-linked loan
The facility will support on-lending to women-led MSMEs, provide affordable housing finance, and expand Banque Misr’s green lending portfolio
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