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FRA approves NUCA’s EGP 10 bn securitized bond issuance
DEBT WATCH- FRA green-lights NUCA bond offering: The Financial Regulatory Authority (FRA) has approved the New Urban Communities Authority’s EGP…
Earnings watch: CIB reports 1H2020 results, OIH turns a profit in 1Q2020
EARNINGS WATCH- CIB’s net profits dipped 4% y-o-y to EGP 2.6 bn in 2Q2020 on revenues of EGP 6.23 bn,…
AAIB takes 12.25% stake in Palm Hills Developments, appearing to buy out the Emirates’ Union Properties
M&A WATCH- AAIB takes 12.25% stake in Palm Hills Developments, appearing to buy out the Emirates’ Union Properties. Arab African…
Egyptian banks dole out EGP 69 bn from CBE’s EGP 100 bn subsidized loan initiative
Banks dole out EGP 69 bn to local industry under CBE’s EGP 100 bn subsidized loan initiative: Egyptian banks —…
Manage your business, no matter where you are, with CIB Business Online
Are you a business owner and a CIB customer? Have you registered for your company’s internet banking privileges? Is the…
How 2020 is already the year for Egyptian green bonds
2020 is the year green bonds become real in Egypt: Both the private sector and the government have for long…
EBRD may increase financing to Egyptian banks to USD 1 bn -sources
EBRD may boost financing to Egyptian banks by USD 150 mn -sources: The European Bank for Reconstruction and Development (EBRD)…
What we’re tracking on 30 June 2020
Welcome to the final day of 1H2020, which must surely rank near the top of the league table for worst…
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