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CIB partners with Transfast to allow remittance transfers from Egyptian expats
CIB has partnered with money transfer company Transfast to allow Egyptian expats to send remittances to bank accounts in Egypt,…
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Marakez gets EGP 1.5 bn loan from 5 banks to build Katameya mall
Real estate developer Marakez has agreed a EGP 1.5 bn syndicated loan with five banks to build a mall in…
Medsofts plans to invest EGP 180 mn in Nile Silos
Medsofts is planning to invest EGP 180 mn in expanding the storage capacity of Nile Silos to 235k tonnes, General…
Three banks cover NUCA’s EGP 6 bn securitization bond tranche
Three local banks fully covered the EGP 6 bn of securitization bonds offered by the New Urban Communities Authority (NUCA)…
SODIC signs agreement with CIB to raise loan size to EGP 500 mn
SODIC gets top-up on CIB loan: Real estate developer SODIC has signed an agreement with CIB to raise the limit…
Earnings watch: CIB reports 13% y-o-y increase in 2Q2019 bottom line
EARNINGS WATCH- Our friends at CIB delivered a 13% y-o-y increase in net income of EGP 2.71 bn in 2Q2019…
NACC begins talks with major banks for EGP 20 bn financing
The New Administrative Capital Company (NACC) has begun preliminary talks with a number of local banks to secure EGP 20…
CIB joins Digital Economy Task Force
Our friends at CIB have become the only representatives of Egypt's private sector to become members of the Digital Economy…
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