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Two (or three) state companies are making EGX debuts this year
The state privatization program could make a comeback as early as September, with two to three companies expected to sell…
Egypt’s first local green bond sale approaches
The first local green bonds sale could go ahead in as little as two to three weeks, Financial Regulatory Authority…
CIB CEO Hussein Abaza named managing director
CIB CEO Hussein Abaza (bio) has assumed the additional role of managing director at the bank, following the Central Bank…
CIB, TMG set up real estate SPV for commercial properties
CIB and Talaat Moustafa Group (TMG) established a new real estate SPV, dubbed TCA Properties, during 1Q2021, the bank said…
CIB net income up 20% in 1Q
Leading private-sector bank CIB’s net income was up 20% y-o-y to EGP 2.87 bn in 1Q2021 compared to EGP 2.4…
Unionaire rebrands as UGT
Unionaire Group Technology has announced its rebranding toUGT. The new entity will include Unionaire, Premium, Fine Stone and TCL, and…
Earnings Watch: B Investments, GlaxoSmithKline
The EGX30 fell 1.6% at today’s close on turnover of EGP 1.21 bn (16.4% below the 90-day average). Foreign investors…
CIB’s Amr El Ganainy resigns from CI Capital board
CIB’s CEO for Institutional Banking, Amr El Ganainy (bio), has stepped down from CI Capital’s board of directors, the company…
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