{"id":543043,"date":"2022-01-03T13:39:25","date_gmt":"2022-01-03T13:39:25","guid":{"rendered":"https:\/\/enterpriseam.com\/egypt\/2022\/01\/03\/nbe-ups-stake-in-cib\/"},"modified":"2022-01-03T13:39:25","modified_gmt":"2022-01-03T13:39:25","slug":"nbe-ups-stake-in-cib","status":"publish","type":"post","link":"https:\/\/enterpriseam.com\/egypt\/2022\/01\/03\/nbe-ups-stake-in-cib\/","title":{"rendered":"NBE ups stake in CIB"},"content":{"rendered":"

MARKET ROUNDUP-<\/strong><\/p>\n

The EGX30 fell 0.1% at today\u2019s close<\/strong> on turnover of EGP 908 mn (29.8% below the 90-day average). Foreign investors were net sellers. The index is down 0.4% YTD.<\/p>\n

In the green: <\/strong>MM Group (+11.0%), Rameda (+2.5%) and Abu Qir Fertilizers (+2.2%).<\/p>\n

In the red: <\/strong>Credit Agricole Egypt (-3.8%), Sidi Kerir Petrochemicals (-2.7%) and Aspire Capital (-2.4%).<\/p>\n

MARKET NEWS-<\/strong><\/p>\n

NBE ups stake in CIB:<\/strong> The National Bank of Egypt (NBE), the largest state-owned bank, has increased its stake in leading private sector bank CIB to 9.13% from 8.27%<\/a>, according to a bourse disclosure (pdf)<\/a>.<\/p>\n","protected":false},"excerpt":{"rendered":"

MARKET ROUNDUP- The EGX30 fell 0.1% at today\u2019s close on turnover of EGP 908 mn (29.8% below the 90-day average). Foreign investors were net sellers. The index is down 0.4% YTD. In the green: MM Group (+11.0%), Rameda (+2.5%) and Abu Qir Fertilizers (+2.2%). In the red: Credit Agricole Egypt (-3.8%), Sidi Kerir Petrochemicals (-2.7%) […]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"open","sticky":false,"template":"single-feature.php","format":"standard","meta":{"_acf_changed":false,"newspack_ads_suppress_ads":false,"newspack_popups_has_disabled_popups":false,"newspack_sponsor_sponsorship_scope":"","newspack_sponsor_native_byline_display":"inherit","newspack_sponsor_native_category_display":"inherit","newspack_sponsor_underwriter_style":"inherit","newspack_sponsor_underwriter_placement":"inherit","ep_exclude_from_search":false,"_primary_brand":0,"newspack_featured_image_position":"","newspack_post_subtitle":"","newspack_article_summary_title":"Overview:","newspack_article_summary":"","newspack_hide_updated_date":false,"newspack_show_updated_date":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[7219],"tags":[240,68,633,642],"brand":[],"newspack_spnsrs_tax":[],"class_list":["post-543043","post","type-post","status-publish","format-standard","hentry","category-go-with-the-flow","tag-cib","tag-egx","tag-enterprisepm","tag-go-with-the-flow","wpautop","entry"],"acf":{"mongo_id":"bcf8dc9a-f010-4877-99c6-6560b7f99bba","is_powered_by":true,"story_type":"1","photo_url":"","photo_position":"above","related_issue":[543035],"teaser":"","voice_url":""},"yoast_head":"\nNBE ups stake in CIB - EnterpriseAM Egypt<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/enterpriseam.com\/egypt\/2022\/01\/03\/nbe-ups-stake-in-cib\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"NBE ups stake in CIB\" \/>\n<meta property=\"og:description\" content=\"MARKET ROUNDUP- The EGX30 fell 0.1% at today\u2019s close on turnover of EGP 908 mn (29.8% below the 90-day average). Foreign investors were net sellers. The index is down 0.4% YTD. In the green: MM Group (+11.0%), Rameda (+2.5%) and Abu Qir Fertilizers (+2.2%). In the red: Credit Agricole Egypt (-3.8%), Sidi Kerir Petrochemicals (-2.7%) […]\" \/>\n<meta property=\"og:url\" content=\"https:\/\/enterpriseam.com\/egypt\/2022\/01\/03\/nbe-ups-stake-in-cib\/\" \/>\n<meta property=\"og:site_name\" content=\"EnterpriseAM Egypt\" \/>\n<meta property=\"article:published_time\" content=\"2022-01-03T13:39:25+00:00\" \/>\n<meta name=\"author\" content=\"enterpriseam admin\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"enterpriseam admin\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2022\/01\/03\/nbe-ups-stake-in-cib\/#article\",\"isPartOf\":{\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2022\/01\/03\/nbe-ups-stake-in-cib\/\"},\"author\":{\"name\":\"enterpriseam admin\",\"@id\":\"https:\/\/enterpriseam.com\/egypt\/#\/schema\/person\/ca597032db7e4db868359c123cec256d\"},\"headline\":\"NBE ups stake in CIB\",\"datePublished\":\"2022-01-03T13:39:25+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2022\/01\/03\/nbe-ups-stake-in-cib\/\"},\"wordCount\":93,\"publisher\":{\"@id\":\"https:\/\/enterpriseam.com\/egypt\/#organization\"},\"keywords\":[\"CIB\",\"EGX\",\"EnterprisePM\",\"Go with the Flow\"],\"articleSection\":[\"GO WITH THE FLOW\"],\"inLanguage\":\"en-US\"},{\"@type\":\"WebPage\",\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2022\/01\/03\/nbe-ups-stake-in-cib\/\",\"url\":\"https:\/\/enterpriseam.com\/egypt\/2022\/01\/03\/nbe-ups-stake-in-cib\/\",\"name\":\"NBE ups stake in CIB - EnterpriseAM Egypt\",\"isPartOf\":{\"@id\":\"https:\/\/enterpriseam.com\/egypt\/#website\"},\"datePublished\":\"2022-01-03T13:39:25+00:00\",\"breadcrumb\":{\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2022\/01\/03\/nbe-ups-stake-in-cib\/#breadcrumb\"},\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"ReadAction\",\"target\":[\"https:\/\/enterpriseam.com\/egypt\/2022\/01\/03\/nbe-ups-stake-in-cib\/\"]}]},{\"@type\":\"BreadcrumbList\",\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2022\/01\/03\/nbe-ups-stake-in-cib\/#breadcrumb\",\"itemListElement\":[{\"@type\":\"ListItem\",\"position\":1,\"name\":\"Home\",\"item\":\"https:\/\/enterpriseam.com\/egypt\/\"},{\"@type\":\"ListItem\",\"position\":2,\"name\":\"NBE ups stake in CIB\"}]},{\"@type\":\"WebSite\",\"@id\":\"https:\/\/enterpriseam.com\/egypt\/#website\",\"url\":\"https:\/\/enterpriseam.com\/egypt\/\",\"name\":\"EnterpriseAM\",\"description\":\"The State of the Nation\",\"publisher\":{\"@id\":\"https:\/\/enterpriseam.com\/egypt\/#organization\"},\"potentialAction\":[{\"@type\":\"SearchAction\",\"target\":{\"@type\":\"EntryPoint\",\"urlTemplate\":\"https:\/\/enterpriseam.com\/egypt\/?s={search_term_string}\"},\"query-input\":{\"@type\":\"PropertyValueSpecification\",\"valueRequired\":true,\"valueName\":\"search_term_string\"}}],\"inLanguage\":\"en-US\"},{\"@type\":\"Organization\",\"@id\":\"https:\/\/enterpriseam.com\/egypt\/#organization\",\"name\":\"EnterpriseAM\",\"url\":\"https:\/\/enterpriseam.com\/egypt\/\",\"logo\":{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\/\/enterpriseam.com\/egypt\/#\/schema\/logo\/image\/\",\"url\":\"https:\/\/ent.news\/internal\/240894.svg\",\"contentUrl\":\"https:\/\/ent.news\/internal\/240894.svg\",\"caption\":\"EnterpriseAM\"},\"image\":{\"@id\":\"https:\/\/enterpriseam.com\/egypt\/#\/schema\/logo\/image\/\"}},{\"@type\":\"Person\",\"@id\":\"https:\/\/enterpriseam.com\/egypt\/#\/schema\/person\/ca597032db7e4db868359c123cec256d\",\"name\":\"enterpriseam admin\",\"sameAs\":[\"http:\/\/enterpriseam.testing.projectsarea.com\"],\"url\":\"https:\/\/enterpriseam.com\/egypt\/author\/enterpriseam\/\"}]}<\/script>\n<!-- \/ Yoast SEO Premium plugin. -->","yoast_head_json":{"title":"NBE ups stake in CIB - EnterpriseAM Egypt","robots":{"index":"index","follow":"follow","max-snippet":"max-snippet:-1","max-image-preview":"max-image-preview:large","max-video-preview":"max-video-preview:-1"},"canonical":"https:\/\/enterpriseam.com\/egypt\/2022\/01\/03\/nbe-ups-stake-in-cib\/","og_locale":"en_US","og_type":"article","og_title":"NBE ups stake in CIB","og_description":"MARKET ROUNDUP- The EGX30 fell 0.1% at today\u2019s close on turnover of EGP 908 mn (29.8% below the 90-day average). 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The banks will begin extending loans once the government reaches a decision on final tariff rates.","rel":"","context":"In "Banking + Finance"","block_context":{"text":"Banking + Finance","link":"https:\/\/enterpriseam.com\/egypt\/category\/banking-finance\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/internal\/536550.png?resize=350%2C200&ssl=1","width":350,"height":200},"classes":[]},{"id":555843,"url":"https:\/\/enterpriseam.com\/egypt\/2021\/11\/29\/cib-nbe-take-further-steps-for-financial-inclusion\/","url_meta":{"origin":543043,"position":1},"title":"CIB + NBE take further steps for financial inclusion","author":"enterpriseam admin","date":"29 November 2021","format":false,"excerpt":"CIB will allow clients to open bank accounts without proof of income under a new type of account dubbed Bedaya that aims to give youth, home-makers and freelancers access to financial services as part of its drive for financial inclusion, according to a statement (pdf).A retail investor is selling a\u2026","rel":"","context":"In "Also on our Radar"","block_context":{"text":"Also on our Radar","link":"https:\/\/enterpriseam.com\/egypt\/category\/also-on-our-radar\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/internal\/536550.png?resize=350%2C200&ssl=1","width":350,"height":200},"classes":[]},{"id":623034,"url":"https:\/\/enterpriseam.com\/egypt\/2018\/10\/18\/nbe-cib-qnb-alahli-idbe-to-fund-projects-aimed-towards-curbing-industrial-pollution\/","url_meta":{"origin":543043,"position":2},"title":"NBE, CIB, QNB Alahli, IDBE to fund projects aimed towards curbing industrial pollution","author":"enterpriseam admin","date":"18 October 2018","format":false,"excerpt":"The Environment Ministry has reportedly signed agreements with four local banks to help run a financing scheme for projects aimed at curbing industrial pollution, unnamed ministry sources said. CIB, National Bank of Egypt, QNB Alahli, and the Industrial Development Bank. The agreement is part of a wider EUR 145 mn\u2026","rel":"","context":"In "Banking + Finance"","block_context":{"text":"Banking + Finance","link":"https:\/\/enterpriseam.com\/egypt\/category\/banking-finance\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/internal\/536550.png?resize=350%2C200&ssl=1","width":350,"height":200},"classes":[]},{"id":545021,"url":"https:\/\/enterpriseam.com\/egypt\/2022\/03\/31\/national-bank-of-egypt-ups-stake-in-fawry-is-a-stake-sale-to-adq-next\/","url_meta":{"origin":543043,"position":3},"title":"National Bank of Egypt ups stake in Fawry \u2014 is a stake sale to ADQ next?","author":"enterpriseam admin","date":"31 March 2022","format":false,"excerpt":"Another state-owned bank appears to have just bought a chunk of Fawry, likely setting up the sale of the government-controlled stake to Abu Dhabi\u2019s ADQ. 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NUCA will use capital raised from the issuance to proceed\u2026","rel":"","context":"In "Banking + Finance"","block_context":{"text":"Banking + Finance","link":"https:\/\/enterpriseam.com\/egypt\/category\/banking-finance\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/internal\/536550.png?resize=350%2C200&ssl=1","width":350,"height":200},"classes":[]}],"_links":{"self":[{"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/posts\/543043","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/comments?post=543043"}],"version-history":[{"count":0,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/posts\/543043\/revisions"}],"acf:post":[{"embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/afternoon\/543035"}],"wp:attachment":[{"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/media?parent=543043"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/categories?post=543043"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/tags?post=543043"},{"taxonomy":"brand","embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/brand?post=543043"},{"taxonomy":"newspack_spnsrs_tax","embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/newspack_spnsrs_tax?post=543043"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}