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Hassan Ghanem reappointed as chairman, managing director of Housing and Development Bank
MOVES- Hassan Ghanem (Linkedin) has been reappointed as chairman and managing director of the Housing and Development Bank for three…
Egypt’s cabinet greenlights investor protection fund intervention
Cabinet greenlights investor protection fund intervention: The Madbouly Cabinet has approved a proposal from the Financial Regulatory Authority (FRA) to…
CBE opens EGP 100 bn industry stimulus package to companies of all sizes
CBE opens EGP 100 bn industry stimulus package to companies of all sizes. The Central Bank of Egypt (CBE) has…
Egypt’s gov’t won’t be moving to new capital this year, museum opening postponed
El Sisi postpones government’s move to new capital, GEM opening to 2021: President Abdel Fattah El Sisi has postponed to…
Dana Gas delays its decision on Egypt asset sale on covid fears
Dana Gas has postponed its decision on whether it will sell its Egypt assets because of the global covid-induced market…
Egypt’s airlines stand to forego USD 1.6 bn this year from covid-19 traffic suspension
Egypt’s airlines will see their revenues contract USD 1.6 bn and passenger volumes dip by 9.5 mn in 2020, which…
STC postpones talks for loan to finance Vodafone Egypt takeover
M&A WATCH- STC postpones talks for loan to finance Vodafone takeover: Saudi Telecom Company (STC) has delayed talks to raise…
Central Bank of Egypt leaves rates on hold in first meeting after record cut
CBE leaves rates on hold in first meeting after record cut: The Central Bank of Egypt left rates on hold…
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