Egypt’s net FDI at $4.6 bln in first nine months of FY18-19
Egypt’s net foreign direct investment (FDI) recorded $4.6 billion in the first nine months of the 2018/2019…
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Revenues from Suez Canal transit fees 2.8% up in 9 months – c.bank
Revenues from toll fees imposed on vessels passing Egypt’s Suez Canal rose 2.8 percent year-on-year during the…
Majid Al Futtaim’s Egypt unit secures EBRD $200 mln loan
The Egyptian unit of UAE-based Majid Al Futtaim Holding (MAF) has secured a 200 million Egyptian pounds ($12…
Egypt’s SAIBBank lead arranger for EGP 750 mln Kharafi National loan
Egypt’s Societe Arab Internationale de Banque (SAIBBank) is leading Kharafi National’s medium-term financing worth…
CBE to launch innovation fund before 2019 end
The Central Bank of Egypt is set to launch Fintech innovation fund before the end of the current year, Ayman…
United Bank of Egypt’s loan portfolio rises 15% by May-end: chairman
United Bank of Egypt’s loan portfolio increased 15 percent to around 13 billion Egyptian pounds ($774.6 million) at…
Egypt’s Banque du Caire looking to open 80 new branches in 3Yrs
Egyptian state-owned lender Banque du Caire is planning to inaugurate 80 new branches within three years, its…
30-40% of Banque du Caire shares to be floated by 2019 end: Amer
Governor of the Central Bank of Egypt (CBE), Tarek Amer, announced that 30-40% of the shares at Banque du Caire…
Egypt to host Seamless North Africa for 2nd year in row
Egypt to host the financial technology "Seamless North Africa FinTech" conference on June 17-18 for the second year…
Kuwait’s National Bank receives approval to launch smart wallet in Egypt
National Bank of Kuwait–Egypt (NBK), the Gulf Arab state's largest commercial lender, has received the central…