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NBE and Banque du Caire report solid bottomline growth
NBE’s net income surged 146% y-o-y in 2Q 2024
Fitch upgrades four Egyptian banks’ credit ratings to B on the back of sovereign credit improvements
Fitch cited improved FX liquidity and a significant jump in net foreign assets
Aton Resources to launch gold extracting and processing facility in 2026. PLUS: BP to drill two new wells, Sabbour Consulting expands to KSA, British Council promotes inclusion
The facility will process finds from its Abu Marwat concession in the Eastern Desert
Kouchouk lays out plan for ensuring economic stability. PLUS: News from Fincart, CI Capital, Sport Ministry
PLUS- Egypt’s debt-to-GDP ratio dropped to 89.6% in June 2024
Chevron to start drilling a new gas well soon. PLUS: News from NBE, Raya IT
The project is part of a broader plan to develop gas reserves in the Narges field
Egypt’s first micro ins. company. PLUS: News from GAFI, NBE, Dopay, Intro Group
Post for Investments owns 51% of the company
The National Bank of Egypt is supporting green projects through the Transforming Financial Systems for Climate program
The program has allocated some EUR 100 mn to be invested in green projects across Egypt’s governorates
El Etreby and Okasha swap positions in NBE, Banque Misr board shakeups + A new SEMED director at the EBRD
Board shakeup at NBE and Banque Misr: The National Bank of Egypt (NBE) and Banque Misr are welcoming new boards…
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