Three banks planning multi-billion pound loan to build power plants in Cairo
A consortium of three Egyptian banks is set to arrange a multi-billion Egyptian pound syndicated loan to build two…
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Commercial International Bank
Egyptian Electricity Holding gives nod to nine banks’ $1.26bn loan offer
State-run Egyptian Electricity Holding Company (EEHC) has approved a loan offer worth 10 billion Egyptian pounds…
French Development Agency, CIB Egypt ink €80mn letter of intent
Egypt’s biggest private bank, Commercial International Bank (CIB) has signed wih the French Agency Group…
Citi finalises Egypt retail business deal with CIB late October
Citigroup announced Saturday it will transfer all its consumer banking business transactions in Egypt to the…
Egypt’s GDRs in London bourse close mostly steady Friday
The Egyptian global depository receipts (GDRs) traded on the London Stock Exchange (LSE) ended mostly flat Friday.…
Egypt’s electricity holding inks $525mn loan with Afreximbank, 9 banks today
State-run Egyptian Electricity Holding Company (EEHC) is to sign Thursday a US$525-million funding contract with a…
Afreximbank, 8 Egyptian banks prep for US$525mn electricity loan
A consortium of eight Egyptian banks in addition to the African Export-Import Bank (Afreximbank) is bracing for…
AfDB in talks with NBE, CIB to fund trade, SMEs in Egypt
The African Development Bank (AfDB) is in talks with two major Egyptian banks to finance small businesses and trade…
CIB receives regulatory approval to acquire Citibank’s Egypt businesses
Commercial International Bank (CIB), biggest commercial bank in Egypt,announced Tuesday that it has received the…
NBE-NBAD alliance named financial advisor for Midor’s $1.4bn financing
Egypt's state-owned Middle East Oil Refinery (Midor) has selected National Bank of Egypt and National Bank of Abu…
