Egypt’s external debt declines in H2 FY ’23/’24
Egypt's external debt reached $152.9 billion by the end of the second half of fiscal year 2023/2024, down nine per…
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Banks news
Al Baraka bank earnings increase by 20.6% in Q1 of 2023
Al Baraka Bank-Egypt announced on Monday that it has witnessed an increase in its net earnings by 20.6 percent…
World Bank keeps Egypt’s real GDP growth at 5.5% in 2021/2022
The World Bank (WB) decided to maintain Egypt’s real GDP growth at 5.5 percent for the financial year 2021/2022,…
4 banks manage EGP10bln securitization bond of NUCA
The National Bank of Egypt, CIB, and the Arab African International Bank, Housing And Development Bank are managing…
CI Capital’s Egypt IPO covered almost 30 times
The public share offering of Egyptian investment bank CI Capital was covered around 29.5 times at a price of 7.7…
Bahrain’s Al Baraka Banking seeks to expand in Indonesia
Bahraini Islamic lender Al Baraka Group is seeking to expand in Indonesia, where investors mostly prefer…
Bahrain’s Al Baraka Banking provides $500 mln to fund trade in Egypt
Bahraini Islamic lender Al Baraka Group has pumped $500 million in loan facilities into the Egyptian market…
Egypt’s Premiere says to open rep office in Dubai before H1-end
Egyptian financial service company Premiere Holding aims to open a representative office in Dubai, as part of a…
World Bank’s Kim says bank capital boost doesn’t specify China lending cut
World Bank’s President Jim Yong Kim said Thursday that a plan to boost the multilateral lender’s capital base does…
Orange reaches new loan deal with 8 Egyptian banks
Orange Egypt, part of French telecom giant, announced Thursday reaching an agreement with a consortium of eight…
