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The National Bank of Egypt and Banque Misr just hiked rates on CDs — moves that could see the EGP gain against the USD
NBE and BM both hiked rates on CDs by 125 bps
Miga guarantee unlocks USD 313 mn for National Bank of Egypt trade finance
Plus: Incolease taps securitization market with debut EGP 2 bn issuance
Sherif Elbehery to head NBE’s UAE operations
The state-owned lender is looking into acquiring the necessary licensing to offer a full-fledged investment banking experience
Banks brace for EGP 1.5 tn “liquidity tsunami”
Both NBE and Banque Misr decided to reduce yields on several EGP savings certificates
NBE is looking into setting up shop in Iraq
PLUS- Mubasher Capital eyes healthcare-focused investment fund
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
Korea’s H&L to set up USD 12 mn plant in Qantara
PLUS- Travco Group plans to invest USD 1.5 bn in 2026 to open ten new hotels across Egypt, Morocco, and…
Talaat Moustafa’s Icon is setting up a luxury tourism project near GEM
PLUS- Banque Misr steps foot into Djibouti
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