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NBE closes Egypt’s largest securitized bond offering for NUCA
The National Bank of Egypt (NBE), the country's biggest state lender, has succeeded in closing Egypt's largest…
EBRD to back NUCA bond issuance with EGP 1.5 bn investment
The European Bank for Reconstruction and Development (EBRD) will invest 1.5 billion Egyptian pound in the New…
HCCD’s affiliates negotiating for PPP investment project in Cairo this year
Two Egyptian housing companies, affiliated to the Holding Co. for Construction and Development (HCCD), are in talks…
Egyptian Mohandes’ insurance activity surplus rises to 8.1 mln in nine months
Egyptian Mohandes Insurance generated surplus from insurance activity up to 130.4 million Egyptian pounds ($8.1…
Sisi wins parliament’s approval for possible Libya intervention
Egypt’s parliament gave President Abdel Fattah al-Sisi the green light for possible military intervention in Libya…
CIB participates with EGP225mmln in Raya’s 2nd securitized bond offering
Egypt's Commercial International Bank (CIB), the largest private bank in the country, has pumped a total amount of…
Raya closes EGP 562 mn securitized bond second offering
Raya Holding closes 562 million Egptian pound securitized bond sale with a weighted average yield of 10.78 percent…
Egypt’s Parliment passes long awaited new Banking and Central Bank Act
The House of Representatives approved the new banking law that gives the CBE more independence and allows it to set…
Evergrow to receive EGP360 bln finances from a Gulf banking consortium in August
Egyptian fertilizer company Evergrow is seeking to complete the procedures of receiving 360 Egyptian pounds from a…
Egypt pays EGP 6bn overdue subsidies in FY19/20 as part of export support programme
Egypt disbursed 6 billion Egyptian pounds worth of overdue export subsidies to 1,667 companies during fiscal year…