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Money
AlexBank coordinates with partners to tap Suez Canal Economic Zone – official
AlexBank is taking part not just as a financial institution but also as a coordinator with distinguished partners…
EFG Hermes, Egypt’s Sovereign Fund sign deals to acquire 76% in AIB bank
Investment bank EFG Hermes and the Sovereign Fund of Egypt (SFE) have signed on Thursday agreements to buy a…
Fitch: Egypt’s FY2022 budgetary targets as ‘broadly credible’
Fitch Ratings describe Egypt’s budgetary targets for the the financial year ending June 2022 (FY22) as “broadly…
IMF chief: Egyptian economy picks up speed despites COVID-19
International Monetary Fund’s (IMF) managing director Kristalina Georgieva lauded on Tuesday the Egyptian economy…
EFG Hermes says Q1 revenues climb 30% y-o-y
Egyptian investment bank EFG Hermes reported on Wednesday its first quarter results for 2021, with revenues…
Egypt’s Senate to discuss sovereign sukuk law today
Egypt’s upper house Senate will begin debate on Monday on the newly-drafted sovereign sukuk (bonds) law.
Global economic recovery to improve debt service coverage ratios: Moody’s
Global infrastructure sectors are improving a year on COVID-19 pandemic which may support a recovery in debt…
Egypt’s current account deficit jumps to $7.6 bln in 1H of FY2020/21: CBE
Egypt’s current account deficit climbed to $7.6 billion in the first half (1H) of the current FY2020/2021 — from…
Abu Dhabi’s Aldar looking for more deals in Egypt’s real estate sector – CEO
Aldar Properties, Abu Dhabi's biggest property firm, is halfway through its due diligence process on an offer to…
IMF may complete 2nd review of $5.2bln standby loan by June end, Maait
The IMF will be completing its second and final review of its year-long USD 5.2 bn standby loan program by the end…