ADIB-Egypt bank to hike capital to EGP 5 billion in August
Abu Dhabi Islamic Bank – Egypt (ADIB-Egypt) said on Monday it plans to hike its issued and paid-up capital to 5…
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Egypt issues samurai bonds in Japan, first int’l offering since pound devaluation
Egypt has issued 60 billion yen ($493.26 million) in Samurai bonds in the Japanese market, the country’s finance…
As pound devalues, Egypt to adjust customs dollar exchange rate to 16 per dollar
Egypt will begin setting its dollar exchange rate for customs to 16 percent as of end of April, said Minister of…
Egypt to issue Samurai bonds by June-end: official
Egypt plans to issue its Japanese yen-denominated Samurai bonds at the end of the current financial year 2021/2022,…
GGF fund provides first tier II capital in Egypt to Banque du Cairo
Banque du Cairo has secured a $30 million loan from the Green for Growth Fund (GGF) to strengthen the bank’s…
QNB ALAHLI 2021 pretax profit at EGP 10.8 billion
QNB ALAHLI, the Egyptian unit of Qatar National Bank, said on Tuesday year growth its pretax profit for 2021 rose…
Egypt ready to join JP Morgan bond index late January 2022 – minister
Egypt is ready to officially join the JP Morgan emerging-market government bond index starting late January 2022,…
Abu Dhabi Islamic Bank Egypt approves takeover bid for Assiut Islamic Trading
The board of Abu Dhabi Islamic Bank Egypt (ADIB Egypt) on Sunday has given a green light to the takeover bid…
Saudi Al Sharif signs EGP 1 bln loan for Egypt’s iconic Shepheard Hotel renovation project
Saudi engineering, procurement, and construction company Al Sharif Group Holding (ASG) has on Tuesday signed a…
Egypt’s CBE amends tourism support initiative
The Central Bank of Egypt (CBE) amended some provisions of its tourism support initiative guaranteed by the…