S&P upgrades two Egyptian banks on strong GDP growth
Standard & Poor’s raised its ratings on two Egyptian banks on Tuesday, saying the country’s GDP growth and…
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CIB
Saudi Arabia’s Alhokair seeks early repayment for Egypt mall loan
Marakez, a subsidiary of Saudi Fawaz Alhokair Group, is in talks with seven banks on paying off around 1.6 billion…
Egypt’s stock index hit two-month high on foreign buying
Egypt’s main index hit on Thursday the highest level since July 12, due to sustained interest in financials and…
Egypt’s Commercial International Bank first half net profit hit $247 mln
Egypt’s Commercial International Bank (CIB) reported on Thursday a net profit of 4.416 billion Egyptian pounds…
Exclusive: Shares of 5 banks in two Egyptian state-run oil firms’ loan
A consortium of five Egyptian banks signed last week a financing agreement worth 4 billion Egyptian pounds ($225.8…
CIB bank Egypt 2017 profits surge 25%
Egypt's largest listed bank, Commercial International Bank (CIB) on Thursday posted a 25 percent year-on-year surge…
Egyptian bourse opens Wednesday on mixed note
The Egyptian Exchange (EGX) opened on a mixed note amid local buying against Arab and foreign selling. By 10:22 am…
Dollar exchange rate sees slight hike in Egyptian banks
U.S. dollar prices against the Egyptian pound increased in several Egyptian banks on Sunday. According to the…
CIB bank Egypt to boost Tier 2 debt as it looks to African growth
Egypt’s Commercial International Bank (CIB) is planning to boost Tier 2 capital through dollar-denominated…
Exclusive: shares of 5 banks in Telecom Egypt’s 4G Loan
A consortium of five Egyptian banks will sign the final loan agreement worth 13 billion Egyptian pounds ($735.7…