National Bank of Egypt subsidiary says quits bid to buy CI Capital
National Bank of Egypt's investment banking arm, Al Ahly Capital (ACH) decides to drop its bid to buy CIB…
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IFC pledges $144 million for Egypt’s energy infrastructure, ports
The International Finance Corporation (IFC), a member of the World Bank Group, announced Thursday it is providing a…
Egypt’s CI Capital plans to increase assets under management this year
Egyptian investment bank, CI Capital is planning to increase its assets under management this year, its deputy…
Moody’s lauds Egypt’s new measures to limit consumer loans
The international credit agency Moody's said Monday that the Central Bank of Egypt's (CBE) recent measures – which…
CIB arranged offering $306 million securitization bonds in Egypt in 2015
Commercial International Bank (CIB), Egypt’s biggest private bank, arranged and took part in offering…
The Banker lists 16 Egyptian banks on Top 100 African Banks
The Banker, a Financial Times publication, has featured 16 Egyptian lenders in its 2016 ranking of Top 100 African…
Ten Egyptian banks sign $1.2bn loan deal for Siemens power plants
A group of 10 major banks has signed one of the biggest financing deals in Egypt’s energy sector, amounting to 10…
CIB-Sawiris deal drives Egypt stocks to end week with $664mn gains
Egypt's stocks ended the trading week with gains worth 5.2 billion Egyptian pounds (US$ 664 million) after business…
Orascom Telecom’s share hikes 9% amid its offer to acquire CI Capital
The share price of Orascom Telecom and Media Technology (OTMT) jumped 9.26 percent during the opening session of…
Sawiris’s OTMT submits $128mn-offer to seize CI Capital
Egyptian Billionaire Naguib Sawiris submitted an offer estimated at one billion Egyptian pounds (US$127.7 million)…