Egypt-UAE currency swap deal leads to better use of hard currency: United Bank CEO
Egypt’s recent $1.4 billion currency swap agreement with the UAE will help reduce demand for the dollar and…
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United Bank
Egypt to sell state stakes in 3 firms in Q4, 3 more in Q1-2024
Egypt plans to offer shares in three of its state-owned companies on the stock exchange (EGX) in the fourth quarter…
Crédit Agricole Egypt denies talk of due diligence on United Bank
Crédit Agricole Egypt denied a report on Monday it was undertaking due diligence on the potential acquisition of…
BREAKING: Egypt’s central bank picks Barclays for United Bank sale
Egypt’s central bank has announced on Wednesday that it had picked Barclays Bank as its international financial…
FACTBOX: 32 firms under Egypt state share sale programme
Egypt has announced on Wednesday its share sale programme, which will involve selling stakes in 32 state-owned…
Egypt’s pound surpasses EGP 27 level against dollar at closing
Egypt’s pound currency fell to surpass the EGP 27 level against the U.S. dollar during the closing trade at banks…
Saudi sovereign wealth fund in talks to acquire Egypt’s United Bank for $600 million
Saudi Arabia’s sovereign wealth fund, Public Investment Fund (PIF) is in advanced talks to acquire Egypt’s…
Egypt’s United Bank secures Afreximbank $600 million loan to support SMEs – sources
African Export-Import Bank (Afreximbank) will loan Egypt’s United Bank $600 million for on-lending to support small…
Egypt’s central bank plans United Bank stake sale within H1-2020: governor
Egypt’s Central Bank Governor Tarek Amer said on Wednesday he expects the deal to sell a stake in the United Bank…
EFG Hermes chosen as financial adviser in deal to sell United Bank
The Central Bank of Egypt (CBE) has chosen a consortium grouping EFG Hermes and the New York-based Evercore, as…
