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EFG Hermes Corp-Solutions closed a EGP 2 bn securitized bond issuance
Egyptian Financial Group Hermes Holding (EFG Hermes) and EFG Hermes Holding’s wholly-owned subsidiary, EFG Hermes Corp-Solutions, announced the successful conclusion of the latter’s second issuance of…
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Egypt’s engineering exports surge 24% in 8M 2022: EEC
The Engineering Export Council of Egypt (EEC) announced that Egypt’s engineering exports increased by 24% to $2.44bn in the first eight months of 2022, compared to $1.96bn in the same period of 2021.
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CIB participates in 2022 IIF Emerging Markets Sustainable Finance Summit
The Commercial International Bank (CIB), Egypt’s leading private sector bank, participated in the 2022 IIF Emerging Markets Sustainable Finance Summit hosted by the Institute of International Finance…
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Wataniya, Safi will be offered on EGX by year-end, Madbouly says
The Sovereign Fund of Egypt plans to take military-owned filling station Wataniya and bottled water company Safi public on the EGX before the end of 2022, according to a a cabinet statement.
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Import issues could be resolved within two months, El Sisi signals
Import challenges facing manufacturers will be solved within two months, President Abdel Fattah El Sisi said yesterday (watch, runtime 8:37).
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CBE wins largest share of AFI awards for combating poverty, unemployment, promoting sustainable developmen
CBE wins largest share of AFI awards for combating poverty, unemployment, promoting sustainable development
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EFG Hermes Holding, GB Capital launch Kaf
Following the 2020 takeover of a 75% stake by EFG Hermes Holding and GB Capital in Tokio Marine Egypt Family Takaful, the company has been rebranded to Kaf.
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Egypt’s net FDI inflows hit $7.3bn in 2 years
Egypt’s net foreign direct investment (FDI) inflows surged by 53% to $7.30 billion during the July 2020-March 2022 period, Akhbar Elyom cited Mohamed Abdel Wahab, CEO of the General Authority for…
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High-level Spanish delegation to visit Cairo for new trade, investment opportunities
A High-level Spanish business delegation will be visiting Egypt by the end of this month as the Egypt-Spain Multilateral Partnership Forum.
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Elsewedy Electric confirms EGP 2bn credit facility deals with 7 banks
Elsewedy Electric Co has announced it will sign the final agreement to obtain credit facilities from 7 banks
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