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National Bank of Egypt opens its first Saudi branch
PLUS- Hassan Allam Construction will build a new 305-feddan luxury development under a USD 550 mn turnkey contract
Eni, BP to drill exploratory gas well with USD 70 mn in investments this year
PLUS- Khalda Petroleum kicked off gas production at the new NUT-1 well in its Western Desert concession
Banks are loosening up FX restrictions as Abdalla nears end of current term
Higher reserves from tourism, remittances, exports, and portfolio investments are giving lenders room to cut markups and loosen restrictions on…
Emaar Misr to develop tourism project on the Red Sea alongside Saudi-owned Citystars Properties. PLUS: Madinet Masr inks KSA expansion MoU, Saudi investor eyes piece of Dreamland
PLUS- A Saudi investor is reportedly vying for a piece of Dreamland
Banque Misr, NBE trim interest rates on CDs
PLUS- LC Wakiki’s local agent Tema is planning to add 45 new stores to its branch network in Egypt
Canada’s Borna plans to set up USD 40 mn factory for decarbonization tech
PLUS- Banque Misr and the National Bank of Egypt could soon cut interest rates on CDs
NBE, AAIB, Banque Misr receive approval from CBE to expand regionally
The banks are set to expand in countries like Saudi Arabia, Kuwait, the UAE, Qatar, and Jordan
CBE cuts rates for the first time since November 2020
The CBE indicated that the “sharp decline in annual headline inflation” in 1Q 2025 created “ample room for commencing the…
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