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CIB says it received the green light to start due diligence on HSBC Egypt’s retail franchise
CIB is not the only potential suitor for HSBC’s retail business in Egypt if the latter decides to sell, with…
Tatweer Masr to put EGP 50 bn into Sokhna’s shift into a year-round business hub
PLUS- Tactful AI secures USD 1 bn in pre-Series A round and eyes Series A within a year
Egyptian capital and engineering power new combined-cycle power plant in Hungary with Elsewedy Electric securing EUR 58 mn from CIB
Plus: Exxon Mobil and Qatar Energy exit North Marakia, FRA greenlights first futures brokers ahead of EGX launch
Pure Dive secures NBE, CIB financing for Egypt’s first chlorine tablet factory
CIB and NBE will provide over 70% of the USD 39 mn investment for the Pure Dive facility
CIB’s net income nearly doubles in 3Q 2025
The lender’s revenues rose 13% y-o-y during the three-month period
Fitch affirms CIB’s long-term issuer default rating
PLUS- Efforts to up production at Zohr have been boosted with a new 70 mcf/d well
More cement production licenses incoming?
PLUS- CIB is planning to apply for a digital banking license early next year
Hyde Park plans to add 710 hotel rooms to its local portfolio over the coming years
PLUS- Abu Dhabi sovereign wealth fund ADQ’s Alpha Oryx trimmed its stake in CIB to 15.7%
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