Browsing Category
Money
Egypt’s Arab Contractors wins bid to develop Lebanon’s Port of Tripoli
Egypt’s state-run construction firm Arab Contractors has won a bid to develop Lebanon’s Port of Tripoli and its…
Al Ahli Bank of Kuwait–Egypt H1 net profit grows 12%
Al Ahli Bank of Kuwait–Egypt (ABK-Egypt) reported on Sunday a 12 percent year-on-year growth in net profit for the…
Egypt’s domestic liquidity rise to EGP 5.361 trillion at June-end: c.bank
Egypt’s domestic liquidity rose to around 5.361 trillion Egyptian pounds ($213.9 billion) at the end of June from…
Moody’s affirms Egypt’s credit rating at B2, stable outlook
Moody's maintained on Friday Egypt’s long-term foreign and local currency issuance ratings at B2 and its stable…
Fitch forecasts Egypt’s real GDP growth of 5.5% in FY2022/23
Fitch Ratings is forecasting that Egypt’s real GDP growth will recover to 5.5 percent in the financial year (FY)…
Banque Misr, BM Lease sign Islamic financing deal for Walk of Cairo project
Banque Misr, Egypt’s second largest bank, and its leasing arm BM Lease have signed on Wednesday a 700 million…
Four Egyptian banks back SODIC unit’s first securitisation bond issuance
A banking consortium has supported SODIC’s latest securitisation bond programme with a total investment of 343…
EBRD approves €25 million loan for Egypt’s dry port project
The European Bank for Reconstruction and Development (EBRD) approved on Tuesday a €25 million ($29.6 million) loan…
Renaissance Capital sees Egypt’s economy growing 4.5-5% in Q2
Egypt’s economy is expected to grow between 4.5 percent and 5 percent in the second quarter of 2021 and will…
Egypt’s Banque Misr mulls committing EGP20.8 billion in joint lending
Banque Misr, Egypt’s second largest bank, is studying committing 20.8 billion Egyptian pounds ($1.3 billion) in…