UPDATE: Egypt pound vs dollar in 20 banks at post-free floating trade
Dollar has continued its rise against Egyptian pound during interbank dealings on Monday. Pound was quoted at 17.5…
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Egyptian Gulf Bank
Dollar climbs against Egypt pound in 11 banks at early post-free floating trade
Dollar has surged against Egyptian pound in 11 banks in early interbank dealings on Monday.The 11 banks are Banque…
As post-free float trading begins, get to know dollar prices in 16 Egypt banks
Egyptian banks start trading currency on Sunday without central bank restrictions for the first time after policy…
Three banks brace for multimillion pound loan for Cairo Business Park project
An alliance of three major lenders in Egypt is set to lend property developer Misr Italia multimillion of Egyptian…
EGBank first half profits double to $29.4 mln
Egyptian Gulf Bank (EGBank) has more than double profits in the first half of the year to 260.6 million Egyptian…
Four banks mull $78.8 mln financing for Egyptian property project
Four Egyptian banks are considering a multi-million Egyptian pounds finance in favour of a property project in one…
Two banking consortia to offer Egypt’s Medinet Nasr $168.8 mln loan in days
Egyptian property developer Medinet Nasr will receive this week two offers from two banking consortia competing to…
EFG-Hermes plans acquiring 94% stake in Egyptian microfinance leader Tanmeyah
Egypt’s EFG-Hermes, one of the largest investment banks in the Middle East, is in the process of acquiring further…
Egyptian Gulf Bank approves capital increase to $129.3 million
Egyptian Gulf Bank extra-ordinary general assembly (EGM) was convened Wednesday, to approve the bank's capital…
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…