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Oil prices jumped as the crisis between Russia and Ukraine escalated. In Asia morning trade Tuesday, U.S. crude surged 3.22% to $94 per barrel, while Brent jumped 1.5% per barrel to $96.82.
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Egypt advised a promising plan to turn the country to a regional hub for gas trade and contribute to secure the needs of the international market especially with the high demand on liquefied natural…
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The Central Bank of Egypt (CBE) launched an initiative to guarantee import operations by covering the risks associated with issuing documentary credits through banks, which will be issued starting…
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EFG Hermes Corp-Solutions, a subsidiary of EFG Hermes Holding and one of Egypt’s leasing and factoring companies, signed a $25m deal with Transmar — a wholly-owned subsidiary of IACC Holdings and…
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The board of Egyptian Financial Group Hermes Holding (EFG Hermes) has appointed a financial advisor and legal counsel for First Abu Dhabi Bank's (FAB) non-binding initial offer to acquire a majority…
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Egypt's holdings of US Treasury bonds increased during December 2021, marginally on an annual basis.
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The consolidated net profits of Abu Dhabi Islamic Bank-Egypt (ADIB Egypt) jumped by 21% year-on-year (YoY) to EGP 1.45 billion in 2021, compared to EGP 1.19 billion.
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The European Bank for Reconstruction and Development (EBRD) offered development financing of 4.9 billion euros to the public and private sectors in Egypt from 2017-2022 , according to The Ministry of…
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A consortium of Gulf banks, including Saudi Arabia’s Al Ahli, UAE’s Abu Dhabi Commercial Bank and Emirates NBD, and Qatar’s Khaleeji Commercial Bank, will jointly offer a loan of $250 million to…
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The Suez Canal Bank said that it has achieved a 6% growth rate, reaching EGP 57.4bn by the end of 2021, compared to 2020’s EGP 54.4bn, according to Hussein Rifai, the Chairperson and Managing…
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