• Thursday, 12 January 2023

    CIRA, Al Ahly to establish 2 Cairo branches of Canada’s Seneca College

    Al Ahly CIRA is bringing Canada’s Seneca College here: Al Ahly CIRA for Educational Services is partnering with Toronto-based Seneca College to bring two branches of the Canadian applied arts and technology college to Egypt — one in East Cairo...
  • Tuesday, 24 May 2022

    Orascom Construction and Al Ahly Capital to build West Cairo industrial park

    Orascom Construction + Al Ahly Capital partner on new industrial park: Orascom Construction (OC) subsidiary Suez Industrial Development Company (SIDC) signed an agreement with Al Ahly Capital Holding — the investment arm of the National Bank of Egypt — to...
  • Tuesday, 9 November 2021

    CIRA's net income rises 31% in FY2020-2021 amid enrollment boost

    CIRA extends growth run in FY2020-2021: Cairo for Investment and Real Estate Development (CIRA) announced a 31% rise in its net income to EGP 350.8 mn in its 2020-2021 fiscal year, which ended on 31 August, according to the company’s...
  • Monday, 1 November 2021

    Why private sector education likes large-scale public-private investment platforms

    Why private sector education likes large-scale public-private investment platforms: This year has seen the increase of public-private partnerships in large-scale education investment vehicles. Last week, CIRA and Al Ahly Capital Holding announced (pdf) they’re starting a new company to invest...
  • Sunday, 24 October 2021

    CIRA, Al Ahly Capital to launch EGP 2 bn educational investment platform

    CIRA, Al Ahly Capital to launch EGP 2 bn education investment company: Cairo for Investment and Real Estate Development (CIRA) and Al Ahly Capital Holding (the investment arm of state-owned NBE) have agreed to launch a new company to invest...
  • Sunday, 19 September 2021

    NBE, Ikarus to invest USD 150 mn in petrochemicals

    Kuwaiti energy investor Ikarus Petroleum Industries will invest around USD 150 mn in the Egyptian petchem sector alongside the National Bank of Egypt (NBE), according to a joint statement (pdf) last week. NBE’s investment arm Al Ahly Capital will act...
  • Tuesday, 25 May 2021

    Dongfeng plans to invest USD 12 mn in EV assembly with El Nasr

    China’s Dongfeng has upped its planned investments in a plan to locally assemble EVs with El Nasr Automotive to USD 12 mn from USD 10, as part of a USD 60 mn plan. The two state-owned companies are set to...
  • Wednesday, 10 March 2021

    NBE pushing into non-bank financial services

    Al Ahly Capital has wrapped up its acquisition of a 75% stake in e-payments player Momken, National Bank of Egypt Chairman Hisham Okasha said at a press release (pdf). (NBE is parent company of Al Ahly.) The acquisition brings Momken...
  • Sunday, 7 March 2021

    Shaking off the cobwebs

    The government is going to do a new valuation on Abu Qir Fertilizers as it prepares a new timeline for a secondary offering of the company’s shares, Al Mal reports, citing what it says are unnamed sources in the know....

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