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Egypt’s PMI drops for 4th consecutive month to record 48.9 in September
IHS Markit’s PMI is a composite gauge designed to give a single-figure snapshot of operating conditions in the non-oil private sector economy in Egypt.
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Banque Misr ranked as lead arranger for syndicated loans in Egypt- Bloomberg
Banque Misr was ranked as the top lead arranger for syndicated loans in Egypt in 9M2021, according to a Bloomberg league table, the bank said in a press release (pdf).
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NBE maintains top spot for syndicated loans in Egypt
The National Bank of Egypt (NBE) is also out with a statement on its 9M performance in the syndication market, saying in a press release (pdf) it was ranked third as facility agent, fourth as…
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Egypt, Saudi Arabia sign $1.8 billion contracts to link electricity grids
Egypt and Saudi Arabia have on Tuesday signed contracts to connect the two countries’ power grids, in a project that could enable them to exchange as much as 3 gigawatts of electricity capacity.
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HSBC Egypt launches Evolve to facilitate FX trading for corporate clients
HSBC Egypt announced the launch of HSBC Evolve platform, granting corporate clients access to a fully integrated and customisable FX trading execution journey, from pre-trade through to post-trade, in…
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AmCham-Egypt mission starts door knock mission to U.S.
The American Chamber of Commerce in Egypt (AmCham Egypt) has started yesterday its annual 43rd door-knock mission to the U.S. aimed at bolstering bilateral cooperation between the two countries.
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Attijariwafa Bank Egypt net profit jumps 65% in six months
Attijariwafa Bank Egypt reported a 65 percent growth in net profit after tax for the first six months of the year.
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Egypt’s net foreign reserves rise to $40.825 billion in September
Egypt’s net foreign reserves rose to $40.825 billion at the end of September from $40.672 billion at the end of August, a central bank provisional data showed on Monday.
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EFG Hermes, Microsoft collaborate to accelerate digital transformation
EFG Hermes announced a strategic cloud partnership with Microsoft to accelerate its digital transformation and enhance innovation in the financial services industry.
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EFG Hermes is Joint Bookrunner on ADNOC Drilling’s USD 1.1 billion IPO on the ADX
EFG Hermes, the leading financial services corporation in Frontier Emerging Markets (FEM), announced touday that its Investment Banking division successfully completed advisory to Abu Dhabi National…
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