Four Egyptian banks back SODIC unit’s first securitisation bond issuance
A banking consortium has supported SODIC’s latest securitisation bond programme with a total investment of 343…
EBRD approves €25 million loan for Egypt’s dry port project
The European Bank for Reconstruction and Development (EBRD) approved on Tuesday a €25 million ($29.6 million) loan…
Renaissance Capital sees Egypt’s economy growing 4.5-5% in Q2
Egypt’s economy is expected to grow between 4.5 percent and 5 percent in the second quarter of 2021 and will…
Egypt’s stocks finish in green as benchmark EGX 30 adds 0.62% on Tuesday
Egypt’s stock exchange’s (EGX) indexes ended trading higher on Tuesday, with the benchmark EGX 30 index adding 0.62…
Egypt’s Banque Misr mulls committing EGP20.8 billion in joint lending
Banque Misr, Egypt’s second largest bank, is studying committing 20.8 billion Egyptian pounds ($1.3 billion) in…
Russian delegation to visit Egypt today for Sharm al-Sheikh, Hurghada security checks
A Russian delegation of tourism and health officials will arrive in Cairo on Tuesday to inspect security and safety…
Egypt’s SODIC unit closes its first EGP 343 million securitisation bond issuance
Egypt’s property developer SODIC announced on Tuesday that it had closed its first securitisation bond issuance…
Canada’s Barrick Gold signs deals to explore for gold in Egypt for first time
Egypt has signed four new gold exploration contracts with Canadian miner Barrick Gold Corp, Ministry of Oil said in…
Egypt’s economy seen growing in FY2021/22 as rebound continues – Reuters poll
Egypt’s economy is expected to grow 5.0 percent in the financial year 2021-2022 that ends in June next year, a…
Egypt’s holdings of U.S. treasuries hit $2.2 billion in May
Egypt’s buying of U.S. treasuries recorded $2.2 billion at the end of May, recent data by the U.S. Department of…