Browsing Category
Money
Egypt’s CIB approves capital hike through bonus shares
The ordinary general meeting (OGM) of Commercial International Bank- Egypt (CIB) has approved raising the…
EFG Hermes’ UAE unit to invest $21.5 mln in asset manager FIM
EFG Hermes UAE Limited, a wholly-owned unit by Egyptian investment bank EFG Hermes, announced Wednesday it will…
Egypt’s IDWBE bank launches subsidiary to provide leasing services
Egypt’s Industrial Development and Workers Bank (IDWBE) said Tuesday it had launched a wholly-owned subsidiary,…
Saudi ICD mission to visit Egypt by June-end for Africa export push talks
A delegation from Saudi Arabia’s Islamic Corporation for the Development of the Private Sector (ICD) will visit…
Egypt’s central bank receives second disbursal $1.25 bln of IMF loan
Egypt’s central bank (CBE) has received Tuesday the second and final disbursal of the first $4 billion tranche of a…
UK inflation made unexpected slowdown in June, easing pressure on BoE
British inflation surprisingly slowed for the first time since October until June, adding to the likelihood that…
EU reiterates support for Egypt
The European Union said on Monday it is firmly committed to continue supporting Egypt in addressing current…
Egyptian Electricity Holding to sign multi-billion pound loan deal this week
The state-run Egyptian Electricity Holding Co. will sign this week a syndicated loan deal worth 37.4 billion…
Italy to raise €15.5 million for Egypt leather industry in H2
Italy plans to secure a €15.5 million ($17.7 million) financial package for Egypt’s leather tanning industry in the…
ECB eyes review of Deutsche Bank’s main shareholders; Qatar and China: source
Europe's top banking regulator, the European Central Bank (ECB), is considering carrying out a review of Deutsche…