Egypt’s Sisi names Hassan Abdalla acting central bank governor
Egypt’s President Abdel Fattah al-Sisi has on Thursday named Hassan Abdalla, an Egyptian banker with over 30 years…
Italy-based Azimut to launch its new Egypt-focused fixed income fund
Investors can subscribe to Italy-headquartered asset manager Azimut’s new Egypt-focused fixed income fund…
EGX starts week in green, regains EGP 20 bln of capital market
The Egypt Stock Exchange (EGX) has started to recover at the beginning of the week regaining 20 billion Egyptian…
Egypt expects IPOs of five state firms to raise up to $1.4 bln
Egypt is seeking to start floating shares in five state-owned companies soon to raise up to 25 billion Egyptian…
Sisi: Egypt to sell shares in state-owned cement firms
Egypt is looking to sell shares in some state-owned cement firms in the coming period in the latest step to revive…
Egypt executes 97.4% of Al Asmarat 3 flagship: Madbouly
The accomplishment rates of Egypt-based Al Asmarat 3 flagship exceeded 97.4 percent, said Egyptian Prime Minister…
Telecom Egypt approves conditions for 13 bln pounds syndicated loan
Telecom Egypt (TE) said Thursday that its board of directors has approved conditions for a syndicated loan worth…
Egypt’s AAIB bank negotiating $110 million loans from EBRD, SANAD Fund
Egypt’s Arab African International Bank (AAIB) is currently negotiating loans worth $110 million with two…
Key banking leaders gather for burial of Egyptian CEO of ADIB
The body of Egyptian top banker Nevine Lotfy, chief executive of Abu Dhabi Islamic Bank-Egypt (ADIB), was laid to…
14 banks among Egypt’s top taxpayers for this season: tax authority
For the current tax season 2015/2016, 14 banks came among Egypt’s top taxpayers, Osama Tawakol, head of the Large…
