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Egypt’s CIB reports 100% uptick in use of digital services for bank transactions
CIB reports 100% uptick in use of digital services: Leading private sector bank CIB has seen a 100% y-o-y increase…
Cairo 3A Poultry secures EGP 1.26 bn syndicated loan for expansions
INVESTMENT WATCH- Cairo 3A lands EGP 1.26 bn loan to finance expansions into poultry farms: Cairo 3A Poultry has secured…
Egypt looks to get its taxes up front from private sector suppliers + contractors
REGULATION WATCH- Gov’t looks to get its taxes up front from private sector suppliers + contractors: All government bodies will…
The CBE appears to be edging toward renewal of a six-month payment holiday for businesses most affected by covid-19
The CBE appears to be edging toward renewal of a six-month payment holiday for businesses most affected by covid-19. Commercial…
Pandemic or not, tourism may be staging a comeback. Can it last?
We’re seeing indications that tourism may be staging a comeback despite the ongoing pandemic and the acceleration of covid numbers…
Mostaqbal Watan party dominates in first round of Egypt’s Senate elections
We now have 174 new senators representing some 20 governorates following the Senate elections that took place on 9-12 August,…
Moves: Tanmeyah
MOVES- EFG Hermes-owned microfinance player Tanmeyah has hired Ahmed Abed (Linkedin) as head of the information sector as well as…
Earnings Watch- EFG Hermes saw 8% y-o-y net profit growth in 2Q2020
EARNINGS WATCH- EFG Hermes saw 8% y-o-y net profit growth in 2Q2020: EFG Hermes saw net profits grow to EGP…
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