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Money
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…
NBE to finance 1.5-million-feddan reclamation project beneficiaries
The National Bank of Egypt (NBE) has signed a cooperation protocol with the Egyptian Countryside Development…
S&P Global affirms Egypt’s sovereign credit rating at B; outlook stable
S&P Global Ratings (previously Standard & Poor's) affirmed on Friday its 'B/B' long- and short-term foreign…
NBK Egypt’s net profit sees a slight increase during Q1-21
The National Bank of Kuwait – Egypt (NBK Egypt) has seen a net profit of 404.11 million Egyptian pounds during the…
Afreximbank’s efforts in providing Covid-19 vaccines for African countries is supported,…
Egypt’s keenness to back the Afreximbank’s efforts to support the African continent amid the novel coronavirus…