International News South Africa FinMin issued with summons, rand plunges nada nasser Oct 11, 2016 0 South African prosecutors issued Finance Minister Pravin Gordhan with a formal summons in relation to the…
Banks Banque Misr eyes 12.5% share in small business initiative in 4yrs nada nasser Oct 4, 2016 0 Egypt’s second biggest state lender, Banque Misr is arranging to take over a 12.5 percent share in a central…
Egypt News Egypt eyes $2-3 bln deposit from Saudi Arabia to help seal IMF deal Noha Gad Sep 8, 2016 0 Egypt is in advanced talks with Saudi Arabia to secure a new deposit worth $2-3 billion as part of about $6 billion…
Egypt News Italian investor launches, finances new initiative to revive tourism in Sharm el-Sheikh Noha Gad Sep 6, 2016 0 An Italian leading investor in Sharm el-Sheikh and owner of Domina Coral Bay Resort, Ernesto Preatoni launched…
Banks Egypt’s c.bank brings forward treasury bill, bond auctions Noha Gad Sep 6, 2016 0 Egypt's ministry of finance announced it will bring forward next week's treasury bills and bond auctions due to the…
Banks United Bank to partake in Telecom Egypt’s 4G loan Ghada Ismail Sep 4, 2016 0 The United Bank-Egypt intends to participate in the loan being arranged for Telecom Egypt (TE) to finance the…
Egypt News Egypt expects eurobond yield at 5.5-6 pct for Sept/Oct issuance aya salah Aug 23, 2016 0 Egypt expects its eurobond issuance at the end of September or early October to have a yield between 5.5 percent…
Egypt News Egypt arranges a $1 bln fund from China for sanitation projects aya salah Aug 18, 2016 0 Egypt is currently negotiating for a $1 billion fund from China to finance local sanitation projects, according to…
Banks Egypt’s first tranche of IMF finance worth $4 bln, delivered in 2 installments Yomna Yasser Aug 16, 2016 0 The $12 billion loan facility that the International Monetary Fund has preliminarily agreed to provide for Egypt…
Real Estate CBE allocates $56mn to Mortgage Initiative aya salah Aug 14, 2016 0 Central Bank of Egypt (CBE) allocated 500 million Egyptian pounds for mortgage firms among the first stage of…