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Money
Amer Group’s Delmar signs deal to run Marriott Residence Heliopolis project
Egypt’s Amer Group Holding announced on Tuesday that its subsidiary Delmar for Touristic Development signed an…
Egypt’s Canal Sugar in talks with banks for new bridge loan
Egypt’s Canal Sugar is negotiating for a new bridge loan worth 2 billion Egyptian pounds ($127.3 million) to help…
Wafa Life Insurance Egypt expects to sign its first-ever bankassurance deal in Q4
Wafa Life Insurance Egypt, a subsidiary of Moroccan insurer Wafa Assurance, said on Tuesday it was in final-stage…
Remittances from Egyptians abroad surge 13% for July 2020 to May 2021 – c.bank
Remittances from Egyptians working abroad grew 13.0 percent year-on-year in the July 2020 to May 2021 period, the…
EBRD, EU, GCF secure $50 mln loan to QNB ALAHLI to support SMEs in Egypt
The European Bank for Reconstruction and Development (EBRD) announced on Monday that it is securing a $50 million…
Egypt’s Evergrow expects signing EGP 6 billion financing deal early October
Egyptian fertiliser company Evergrow is in talks with banks to raise 6 billion Egyptian pounds ($382.4 million) in…
Orascom Development Egypt H1 net profit soars 342%
Orascom Development Egypt (ODE), a subsidiary of Orascom Development Holding AG (ODH), reported on Monday a 342.28…
Fitch Solutions: Egypt’s real GDP growth seen growing to 5% in FY22, 5.5% in FY23
Egypt’s real GDP growth is projected to surge to 5 percent in the current financial year 2021/2022 that ends in…
AlexBank H1 pre-tax net profit grows to EGP 1.959 billion
Egypt’s AlexBank announced on Monday that it made net profit before tax worth up to 1.959 billion Egyptian pounds…
HSBC to acquire AXA Singapore for $575 million
HSBC Holdings said on Monday it had agreed to acquire French insurer AXA’s Singapore assets for $575 million, a…