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Banque Misr’s El Etreby named FEB chairman
MOVES- Banque Misr’s El Etreby named FEB chairman: Banque Misr Chairman MohamedEl Etreby has been selected to succeed CIB’s Hisham…
EGX30 ends in the green for the first time in two weeks
The EGX30 closed Thursday in the green for the first time in weeks: The benchmark EGX30 closed in the green…
Fawry, National Bank of Egypt to begin distributing 43k PoS devices to stores
The National Bank of Egypt (NBE) and e-payments platform Fawry are rolling out 43k point of sale (PoS) devices in…
EBE to launch factoring arm with ECGE, NIB, National Bank of Egypt in 2Q2020
The Export Development Bank of Egypt (EBE) is planning to launch a EGP 50 mn factoring arm in 2Q2020, Board…
Covid-19, air travel suspension and CBE interest rate cut reviewed on talk shows
CBE interest rate cut: Al Kahera Alaan’s Lamees El Hadidi spoke by phone with Hany Genena, head of research at…
Al Ahly Sabbour signs EGP 5 bn agreement with the Urban Communities Authority to develop 6th of October’s Keeva
Real estate developer Al Ahly Sabbour has signed an agreement with the New Urban Communities Authority worth an estimated EGP…
Major international bank seeks entry into Egypt
Major international bank seeks entry into Egypt: An unnamed “major” international bank has approached the Central Bank of Egypt (CBE)…
NBE signs EGP 1 bn credit facility with Fiber Misr
The National Bank of Egypt (NBE) has signed a EGP 1 bn credit facility agreement with IT firm Fiber Misr,…
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