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Canadian companies are eying Egypt’s mining sector with interest
Many Canadian companies are interested in investing in Egypt and expanding their investments in the mining sector,…
Egypt’s holding of US Treasuries was stable for third consecutive month
Egypt’s holdings of US Treasuries were stable at $2.242 billion in February for the third successive month,…
Banque Misr provides Finlease an EGP 200 mn medium-term facility
Banque Misr said on Sunday it had provided the Egyptian Company for Leasing Services (Finlease) a medium-term…
Old Cairo’s Al-Fustat will be revamped on Egyptian President’s directives
The revamp of Al-Fustat Garden in Old Cairo has been ordered directly by Egyptian President Abdel-Fattah al-Sisi to…
EFG Hermes: Arab Investment Bank valuation pegged at EGP 1.1 billion
EFG Hermes said on Wednesday that the Arab Investment Bank (aiBank) had been valued between 900 million Egyptian…
Egyptian President approves €1.88bn loan for monorail lines
Egyptian President Abdel Fattah al-Sisi approved a €1.88 billion loan agreement to finance the construction of two…
Egypt’s SODIC picks advisors for UAE Aldar-led acquisition offer
Egyptian property developer SODIC said board decided to appoint EFG Hermes and an international investment bank as…
National Bank of Egypt pretax profits hit EGP30.6 bln in FY2019-2020
State-owned National Bank of Egypt (NBE) reported on Tuesday profits before tax of 30.6 billion Egyptian pounds…
Egypt’s Banque Misr net profit climbs 29% in FY2019/20
Egypt’s Banque Misr reported on Tuesday a 29 percent year-on-year increase in net profit in the financial year that…
Egypt’s balance of payments reaches $1.5bn surplus in H2 2020: CBE
Egypt’s balance of payments (BOP) recorded an overall surplus of $1.5bn in H2 of 2020, compared to a deficit of…