Sawiris’ OTMT approves final offer for CI Capital
Egyptian firm Orascom Telecom and Technology, which is owned by business tycoon Naguib Sawiris, has approved the…
Browsing Tag
Commercial International Bank
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…
Three key Egyptian banks negotiating AfDB for SME finances
Three major Egyptian banks, the National Bank of Egypt, Commercial International Bank, and Banque Du Caire are…
BREAKING : CIB sells CI Capital to Sawiris’ Orascom Telecom for $128mn
Egyptian Commercial International Bank (CIB) has agreed Thursday on Orascom Telecom and Media Technology's offer…
10 banks to sign multi-billion Egyptian pounds loan for power projects today
A consortium of Egyptian and Arab banks will sign Sunday a 10 billion Egyptian pounds (US$1.27 billion) finance…