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Gov’t appoints managers ahead USD 2 bn sukuk sale
Egypt has reportedly appointed six international banks to manage its maiden USD 2 bn sovereign sukuk issuance, Bloomberg reports, citing…
Diesel refinery gets USD 1.5 bn financing + lots of other energy news from Egyps
Several of Europe’s biggest banks are providing us with USD 1.5 bn to finance the construction of the new mazut…
Credit Agricole Egypt reports highest quarterly earnings since 1Q2020
EARNINGS WATCH- Credit Agricole Egypt (CAE) generated its highest net income in almost two years in 4Q2021, reporting (pdf) a…
Credit Agricole Egypt CFO resigns
Credit Agricole Egypt’s chief financial officer and IR officer, Hany Nassef (LinkedIn) resigned from his position effective 31 December, the…
Credit Agricole reports higher net income in 9M2021 on slightly higher net interest income
EARNINGS WATCH- Credit Agricole Egypt reported EGP 1.18 bn in net income in 9M2021, up 13.8% y-o-y, according to its…
Earnings watch: Beltone, NBK Egypt, Credit Agricole Egypt, GSK, Obour Land, Arabian Cement
EARNINGS WATCH- Beltone Financial reported net income of EGP 4.7 mn in 2Q2021, up from a loss of EGP 12.1…
Edita borrows EGP 150 mn from Credit Agricole for new production line
Edita is taking out a seven-year EGP 150 mn facility from Credit Agricole to finance its new baked goods production…
The market on 15 March 2021
The EGX30 fell 0.6% at today’s close on turnover of EGP 1.1 bn (25.6% below the 90-day average). Regional investors…
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