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Money
Sovereign Fund of Egypt, EFG Hermes gain c.bank approval for aiBANK takeover
Financial Services and Fintech sub-fund, owned by the Sovereign Fund of Egypt (TSFE), and EFG Hermes announced on…
First Egypt-ICF International Cooperation Forum kicks off September 8
Under the auspices of Egyptian President Abdel Fattah al-Sisi, the Ministry of International Cooperation will…
Egypt’s Arab Contractors wins €110 million major road project in Congo
Egypt’s state-run Arab Contractors (AC) on Wednesday said it has won a contract for a 150 km road project in Congo…
Egyptian property developer SODIC H1 net profit jumps 203%
Egypt’s property developer SODIC reported on Wednesday a 203 percent year-on-year growth in net profit for the…
Egypt sets size of debut sukuk at $1-2 billion: minister
Egypt has set the size of its planned debut Islamic bond or sukuk issue between $1 billion and $2 billion, its…
Egypt’s Banque du Caire becomes first bank to receive e-signature licence
Banque du Caire (BdC), Egypt’s third largest public state-lender, announced on Tuesday it had received the central…
Egypt to receive almost $2.8 billion of IMF’s largest-ever SDR allocation
Egypt will receive a foreign currency boost equivalent to around $2.8 billion through the International Monetary…
Al Baraka Bank Egypt names Hazem Hegazy as CEO
Al Baraka Bank Egypt, part of Bahraini Islamic lender Al Baraka Group, said on Tuesday its board had chosen Hazem…
Egypt to start issuing sukuk in H2-FY2021/2022
Egypt plans to start issuing sukuk, or sharia-compliant Islamic bonds, within the second half of the current…
Egyptian Electricity Transmission Company signs EGP 4 bln loan deal with NBE-led…
State-run Egyptian Electricity Transmission Company (EETC) has signed on Monday a syndicated loan agreement worth…