Lebanese BLOM’s sale of Egypt unit to raise lender’s capital – Moody’s
Lebanese BLOM Bank's sale of its Egyptian unit would provide much-needed capital enhancement, said Moody’s in a…
Browsing Tag
capital
Egyptian bourse approves to raise Zahraa Maadi’s capital to $7.9mn
Egypt's stock exchange's listing committee on Sunday approved increasing the state-owned Zahraa Maadi Investment…
11 Egyptian companies’ capital rises to $107 mln in May – ministry
Egypt’s Investment Ministry said 11 companies increased their capital with a combined value worth 1.8 billion…
Air raids hits Libya’s capital Tripoli on Saturday night
Air raids were carried out Saturday night on the Libyan capital Tripoli, according to AFP journalists and residents…
Orange Egypt expects to avoid losses in 2019
Orange Egypt no longer forecasts that it will achieve losses next year, according to the company’s CEO Yasser…
HDB profits hit 1.393bn Egyptian pounds at end of Sept.
Housing and Development Bank (HDB) has achieved profits worth 1.393 billion pounds after taxes at the end of the…
First phase of Palm Hills’ offering oversubscribed 80.7%
Egypt's Palm Hills Development said on Monday the first phase of the offering to increase its capital for…
EGX gains EGP 470bn during Sisi’s 1st presidential term
Egyptian Exchange (EGX) achieved record gains during the first term of office of President Abdel Fatah al-Sisi as…
MG Developments to float share on Egyptian bourse at end-2019
Egypt’s MG Developments says it plans to sell some of its stakes on the local stock market at the end of 2019 and…
Egypt’s Arab Contractors to sell 4% share to two banks
Egypt's state-owned construction firm Arab Contractors (AC) will sell four percent stake of its shareholding in El…
Egypt’s food producer Obour Land to invest 200 mln pounds in 3yrs
Egypt's Obour land seeks to invest 200 million pounds in the country
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…
Cairo bourse surges 17% in Q1-18
The Egyptian Exchange (EGX) made new leaps during the first quarter of 2018. EGX30 gained 16.19% or 2,431.01 points…
Egypt’s Orascom Development to launch Makadi Heights next April
Orascom Development Egypt will launch the Makadi Heights project located on Makadi Bay in the Red Sea Governorate…
Egyptian stocks expect 2018’s worst fall following Dow Jones plunge
Egypt's stocks closed in red on Tuesday following a sharp fall in the Dow Jones and the European stock market since…
Jordan’s king tells Pence U.S. must rebuild trust after Jerusalem decision
Jordan’s King Abdullah told U.S. Vice President Mike Pence on Sunday he looked to Washington to rebuild “trust and…
Indian firm to develop Egyptian cotton ginning with $2.3 mln
The Cotton and Textile Industries Holding Company signed a $2.3 million contract with Indian company Bajaj…
UN vote on Trump’s Jerusalem decision positive sign for Palestinians, Egypt says
The Egyptian presidency said that the recent overwhelming vote in the UN General Assembly against the decision by…
Arab states believe U.S. aid secure despite defying Trump Jerusalem move
Leading Arab allies threatened with cuts in aid by Donald Trump said on Friday they had no choice but to defy the…
Egypt’s grand mufti, Al-Azhar hail UNGA rejection of Trump’s Jerusalem move
Egypt’s Grand Mufti Shawki Allam hailed on Friday a historic United Nations General Assembly (UNGA) resolution on…
Sisi did his best to suspend Trump decision over Jerusalem: Foreign Affairs Minister
Egypt’s Foreign Affairs Minister Sameh Shoukry asserted on Saturday that President Abdel Fattah al-Sisi did his…
Head of Egypt’s Azhar cancels meeting with US vice president over Jerusalem decision
The head of Egypt’s Al-Azhar, Ahmed El-Tayyeb, has cancelled a planned meeting with US Vice President Mike Pence…
Hundreds protest in Cairo, Alexandria against Trump’s Jerusalem declaration
Hundreds of Egyptians demonstrated on Friday in the capital Cairo and the Mediterranean city of Alexandria against…
Legal status of Jerusalem should be maintained, Sisi tells Trump in phone call
Egyptian President Abdel Fattah al-Sisi emphasised Egypt's "firm position" that Jerusalem should maintain its…
Spain’s Mediterrania Capital pumps investments of €103 mln in SMEs
Spain- based Mediterrania Capital Partners, the private equity firm focused on growth investments seeks to invest…
Orange Egypt board approves capital increase to 16.40 bln pounds
Orange Egypt for Telecommunications, formerly Egyptian Company for Mobile Services, board approved Sunday to…
Egypt’s Faisal Islamic Bank lining up for capital increase to $366.8 million
Egyptian Exchange approved Wednesday to list Faisal Islamic Bank's issued and paid-up capital increase to $366.8…
Cairo Development and Investment board approves capital decrease to 94mn pounds
Cairo Development and Investment Company’s board approved Monday issued and paid-up capital decrease to 94 million…
Bitcoin surges above $6,000 for the first time on heavy trading volume
Bitcoin surged by five percent to a record high above $6,000 on high trading volume Friday. The cryptocurrency hit…
CBE Egypt caps pilgrims cash to $10,000
Central Bank of Egypt (CBE) has set the limit of portable funds per capita during the performance of the Hajj rites…
Syria peace talks in Astana postponed to September: Kazakhstan
Kazakhstan said Tuesday that the next talks to try to thrash out a Syria peace plan in its capital Astana may be…
Philippines war on drugs and crime intensifies, at least 58 killed this week
At least 26 people died overnight in police operations in the Philippines capital Manila, authorities said on…
Egypt’s Naeem Holding, Wadi Degla to merge Reacap business
Egypt's Naeem Holding for Investments Company will merge its Reacap Financial Investments with the country's…
Banks capital jumps to 13.74bn pounds in April: CBE Egypt
The capital of banks operating in the Egyptian market climbed to 13.74 billion Egyptian pounds at the end April…
Egyptian currency float boosts foreign investment: chairman
Foreign investors have bought a net 11 billion Egyptian pounds ($615.90 million) worth of shares since the country…
Dairy maker Domty uses 152mn Egyptian pounds of capital gains in June
Egyptian dairy maker Arabian Food Industries Company (Domty) announced Tuesday that it has used 154 million…
Egypt’s Madinet Nasr Housing submits capital cut documents
Egypt's state-run Madinet Nasr for Housing and Development Company has submitted Monday the documents concerning a…
Egypt’s CIB approves capital hike through bonus shares
The ordinary general meeting (OGM) of Commercial International Bank- Egypt (CIB) has approved raising the…
UNDP to establish new investment fund in Egypt
The Ministry of Investment and International Cooperation signed an agreement with the United Nations Development…
Egypt’s CIB seeks to raise its capital by 25%
Egypt's largest listed bank, Commercial International Bank (CIB), will seek approval to issue bonus shares to raise…