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Bank Audi to acquire NBG’s Egypt arm
M&A WATCH- Bank Audi to acquire NBG’s Egypt arm: Bank Audi will acquire National Bank of Greece’s Egypt arm, including…
New World Bank president visits Egypt
New World Bank boss is in Egypt; met El Sisi yesterday and heading to Benban today: World Bank President David…
IFC to finance USD 2.3 mn project to boost manufacturing efficiency in Egypt
The International Finance Corporation (IFC) will finance a USD 2.3 mn project to improve the efficiency of electric motors used…
CIB eyes expansion into Kenya
CIB eyes expansion into Kenya: CIB intends to enter the Kenyan market when it finds the right opportunity as part…
Madbouly urges opening of Banque Misr branch in Somalia
Prime Minister Moustafa Madbouly called for the opening of a Banque Misr branch in Somalia during a meeting with the…
Moody’s upgrades credit ratings of five Egyptian banks
Moody’s upgrades credit ratings of five local banks, with stable outlook: Moody’s has upgraded our friends at CIB along with…
Orascom Development Egypt renegotiates terms on 2016 syndicated facility
Samih Sawiris’ Orascom Development Egypt (ODE) has reached an agreement to amend the payment terms of a syndicated loan it…
FinMin temporarily suspends EGP 320 electronic tax filing fee
Finance Minister Mohamed Maait has reportedly ordered a temporary halt to the EGP 320 fee imposed on taxpayers filing their…
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