Europe’s largest pension fund expands mortgage portfolio
Stichting Pensioenfonds ABP, Europe’s largest pension fund, announced on Monday that it had acquired a €2.7 billion…
Browsing Tag
portfolio
Banque Du Caire’s SME portfolio rises to EGP 10.3bn in 2019
Egypt’s state-run lender Banque du Caire‘s small and medium-sized enterprises (SMEs) portfolio rose to 10.3 billion…
Egypt’s NBE bank looks to reduce NPLs to $416.9mn in FY20
National Bank of Egypt (NBE) says it seeks to reduce its portfolio of non-performing loans (NPLs) between 7 billion…
Egypt’s NBE bank targets $5.5bn SMEs portfolio in 2020
The National Bank of Egypt (NBE) has financed small and medium-sized enterprises (SMEs) with 49.5 billion Egyptian…
Karma Real Estate to invest EGP 350mn in projects in 2019
Egypt’s Karma Real Estate says it plans to invest 350 million Egyptian pounds ($19.5 million) from implementing a…
Egypt’s c.bank to end forex repatriation mechanism
Egypt’s central bank (CBE) said on Wednesday it has decided to terminate the foreign exchange repatriation…
Elite to launch New Cairo’s commercial, administrative project early 2019
Egyptian Elite Real Estate Consultancy is preparing to launch a commercial and administrative project in New Cairo…
World Bank providing $500 mln investments in Egypt’s education reforms
World Bank Group is providing a $500 million investments in Egypt’s five-year education reforms in public schools,…
Region may have upward bias on global markets
Strong global markets may give Gulf bourses an upward bias on Sunday, although moderate trading volumes in recent…
SIAC Holding to inaugurate Magra Complex in Egypt mid-2018
Egypt’s SIAC Holding Development Group plans to inaugurate its administrative flagship Magara Complex in Sheikh…
UAE-based UPP seizes 5.68% stake in Egypt’s Palm Hills
UAE-based Union Properties (UPP) announced Wednesday that its wholly-owned subsidiary, UPP Capital, has bought a…
World Bank and Egypt discuss disbursement of final $1bn tranche of loan
Egyptian government officials held talks with the World Bank on Tuesday to discuss the accelerated disbursement of…
Apple names former Honeywell executive as new general counsel
Apple Inc said on Friday its general counsel, Bruce Sewell, will retire and be succeeded by former Honeywell…
Egypt’s Pharos Holding eyes 7.5bn pounds agreements in 18 months
Egypt’s Pharos Holding investment bank is targeting deals worth 7.5 billion Egyptian pounds ($427.84 million) in…
Gold up on rising US-North Korea tensions
Gold prices rose early Wednesday amid rising tensions between the United States and North Korea after the North…
Egypt’s Al-Abd says delivered 95 social housing buildings in 2016
Egypt’s construction firm Al-Abd, an affiliate of the country’s Holding Company for Construction and Development…
Egypt’s Marseilia to launch 3 fully-fledged property projects before 2017-end
Egypt's property developer Marseilia Group is planning to launch three fully-fledged housing projects in Nasr City…
Egyptian Life Takaful- GIG ups investments to 267 mln pounds at end-March
The investments of Egyptian Life Takaful Company- GIG jumped to 267 million Egyptian pounds ($14.7 million) during…
Orascom Construction posts 21.7% increase in Q1 net income
Egypt-based Orascom Construction (OC) has reported a 21.7 percent increase y-o-y in its net income during the first…
Egypt’s Industrial Development Bank posts 100 mln pounds-net profits in 4 months
Industrial Development and Workers Bank of Egypt (IDWBE) has achieved net profits worth 100 million Egyptian pounds…
SDX Energy finishes drilling campaign at SD-1X well in Egypt
North Africa focused oil and gas company SDX Energy Inc said on Friday drilling on the SD-1X on the South Disouq…
World Bank disburses $1 bln to Egypt for inclusive growth
The World Bank (WB) disbursed Monday $ 1 billion to Egypt for the second financial consolidation, sustainable…
Bank Audi Egypt to increase 4.5bn pounds-loan portfolio by end-2017
Bank Audi Egypt is planning to increase its loan portfolio volume to 4.5 billion Egyptian pounds ($249.2 million)…
U.S. stocks rises for the week, Yellen puts March rate hike
Stocks posted weekly gains Friday, while Federal Reserve Chair Janet Yellen put an exclamation point on the…
US Trump savages media at Florida rally
U.S. President Donald Trump has launched another fierce attack on the media at a campaign rally for America event…
UNB-Egypt eyes boosting SMEs financing to 8% of its loans portfolio end-2016
Union National Bank-Egypt (UNB) aims to boost its financing directed to small- and medium-sized enterprises (SMEs)…
Housing Development Bank loans portfolio hits $979mn in June
The net volume of loans portfolio at Housing and Development Bank (HDB) recorded 8.7 billion Egyptian pounds…
Egypt’s Mokhtar Ibrahim to develop 106 feddans in Helwan late 2016
Egypt’s leading construction firm, Mokhtar Ibrahim, is set to develop 106 feddans of its land portfolio in Helwan…
Africa Export-Import Bank current portfolio with Egypt hits $3.4 bln
The Africa Export-Import Bank (Afreximbank)’s cooperation portfolio in Egypt has reached $3.4 billion during the…
Egypt Post expands investments to reach 174 billion pounds
Egypt Post has a portfolio of investments totalling around 174 billion Egyptian pounds (US$19.6 billion), its chief…
AstraZeneca boosted by good results for biotech asthma drug
AstraZeneca's (AZN.L) drive to rebuild its portfolio of new medicines received a boost on Tuesday with positive…
AstraZeneca boosted by good results for biotech asthma drug
AstraZeneca's (AZN.L) drive to rebuild its portfolio of new medicines received a boost on Tuesday with positive…
Egypt’s Industrial Development Bank’ SMEs portfolio hits $112mn
Small and medium-sized businesses (SMEs) acquire 16 percent of the Industrial Development and Workers Bank -…
GE to sell $1.4 billion U.S. hotel franchise loan portfolio
General Electric Co (GE.N) said it had agreed to sell GE Capital's U.S. hotel franchise loan portfolio to a unit of…
Banque Misr eyes SMEs funds portfolio to reach $2.5bn in 4 years
Egypt's Banque Misr targets funding portfolio for Small and Medium-sized Enterprises (SMEs) to hit 20 billion…
Takaful insurance captures 11 % of Egypt’s insurance market
Takaful insurance activity currently seizes 11 percent of the sector’s installment portfolio, Secretary-General of…
Wethaq Takaful Insurance-Egypt investment portfolio hit $35mn last December
The investment portfolio of Wethaq Takaful Insurance -Egypt has increased to 273.55 million Egyptian pounds…
Iskan Insurance says investments surged to $25.2 million in FY2014-15
The investment portfolio of Cairo-based Iskan Insurance Company reached 197.2 million Egyptian pounds (US$25.2…
Egypt’s NBE eyes retail portfolio to hit $5bn end-June
The retail banking portfolio of Egypt's biggest state-run bank National Bank of Egypt (NBE) has been boosted to…
Egypt’s National Bank targets $1.4bn direct medium funds end-June
The National Bank of Egypt (NBE) targets its medium-sized enterprises direct finance portfolio to reach 11.167…