Main

State-owned Banque du Caire (BdC) hasn’t seen a large rise in defaults despite covid-19, according to figures given by Chairman Tarek Fayed in an interview with the local press this week.
Read More...

Egypt received $16.5 billion in orders for its $3.75 billion Eurobond sale making the issuance about 4.4 times oversubscribed, the Minister of Finance, Mohamed Maait, said.
Read More...

Zulficar & Partners Law Firm has been mandated as legal advisor in Banque Misr’s potential acquisition of the share capital of CI Capital Holding for Financial Investments, its founding partner…
Read More...

Egypt’s new citrus season has just begun and its first shipments of locally produced oranges have been exported to Brazil, Egyptian trade minister announced on Monday.
Read More...

Banque Misr, one of Egypt’s largest state-run lenders, is planning to submit an offer to buy the share capital of CI Capital Holding for Financial Investments for 4.7 Egyptian pounds ($0.30) per…
Read More...

Egyptian President Abdel-Fattah al-Sisi on Saturday expressed confidence in the African Union (AU) to contribute to the advancing of efforts aimed at reaching a binding legal deal on the Grand…
Read More...

Egypt’s state-owned Banque du Caire will be partnering with an unnamed foreign investor to set up an e-payments company, its head of investments Mohamed Ragai told local newspaper Al Shorouk on…
Read More...

Access to loans on favourable terms will be crucial to Africa’s economic recovery from the COVID-19 pandemic, South Africa’s President Cyril Ramaphosa said on Saturday.
Read More...

Two cooperation protocols between the Engineering Automotive Manufacturing Co. (EAMCO) and El Nasr Automotive Manufacturing Company, and Egypt’s Brightskies to localise and develop the automotive…
Read More...

The Monetary Policy Committee of the Central Bank of Egypt (CBE) decided Thursday to keep the overnight deposit rate, overnight lending rate, and the rate of the main operation unchanged at 8.25…
Read More...