Guides & Analytics
SFD Egypt Obtains EU’s €15 million Grant in March
Egypt’s Social Fund for Development (SFD) will receive next March the second tranche worth €15 million of the European Union’s €45 million grant. This comes within…
Egypt’s Citadel Sells Portion of Convertible Loan at $13 mln
Egyptian private equity firm Citadel Capital (CCAP.CA) announced selling a portion of a convertible loan in National Company for Development and Trade – ASEC Holding…
Mobinil Signs EGP2.36 billion Syndicated Loan with 8 Banks
The Egyptian Company for Mobile Services – Mobinil (EMOB.CA) announced on Thursday it signed a syndicated loan agreement at a value of EGP 2.36 billion, with eight…
CBE Offers Its Last FX Auction Worth $40 mln for This Week
The Central Bank of Egypt (CBE) has offered today its final foreign exchange auction for this week totaled US$ 40 million for local banks. The central bank is…
EBRD Lends $50mn to National Bank of Egypt to Support Int’l Trade
The European Bank for Reconstruction and Development (EBRD) signed on Wednesday two agreements to provide a US$50 million trade finance line to the National Bank of…
Dana Gas Inks North El Arish Concession Agreement
Dana Gas, the Middle East’s leading regional private sector natural gas company, announce on Wednesday that it has signed an agreement for the North El Arish (Block…
Egypt’s Main Bourse Index Nears 7900 early Thursday
Egypt’s bourse opened higher on Thursday with gains of 2 billion pounds approximately, backed by foreign buying appetite. Also, the country’s main bourse gauge…
C. Bank Raises EGP6 billion T-Bills Today
On behalf of the Egyptian Finance Ministry, the Central Bank of Egypt is set to raise today 182and 357-day treasury bills worth EGP 6billion. Throughout its official…