• Thursday, 10 September 2020

    IMEX to submit offer to acquire 100% of Nile Cotton Ginning

    M&A WATCH- IMEX to submit offer to acquire 100% of Nile Cotton Ginning: IMEX International has submitted an offer to purchase 100% of Nile Cotton Ginning, the Financial Regulatory Authority (FRA) said in a statement (pdf) on Wednesday. The energy...
  • Tuesday, 8 September 2020

    NBE, BdC arrange EGP 3 bn to EgyptAir

    The National Bank of Egypt (NBE) will provide EGP 1.8 bn of a 10-year, EGP 3 bn loan to EgyptAir being arranged by Banque du Caire, with BdC covering the remainder, Al Mal reports. The national flag carrier had been...
  • Sunday, 6 September 2020

    City Edge seeks EGP 1.2 bn loan to develop Etapa Square

    City Edge Developments is looking to borrow a combined EGP 1.2 bn from the National Bank of Egypt and Banque Misr to develop its Etapa Square project in Sheikh Zayed, which is expected to cost EGP 4 bn in total,...
  • Sunday, 6 September 2020

    NBE signs EUR 800 mn agreement with EIB for SME financing

    DEBT WATCH- NBE signs EUR 800 mn agreement with EIB for SME financing: The National Bank of Egypt has signed a EUR 800 mn financing agreement with the European Investment Bank (EIB) to fund SMEs that have been impacted by...
  • Wednesday, 2 September 2020

    Settlement of building code violations still top story on Moussa’s talk show

    With Amr Adib returning to the airwaves on Friday, we have just one more night before we resume our normal coverage (although it will admittedly remain Lamees-less for the foreseeable future, with suggestions that the queen of night-time talk is...
  • Tuesday, 1 September 2020

    Al Ahly Capital to set up new financial services arm Tamkeen

    National Bank of Egypt (NBE) investment arm Al Ahly Capital is looking to set up a new financial services holding company, Tamkeen, to house its micro-lending and e-payments operations, Al Mal reports, citing unnamed sources familiar with the matter. Al...
  • Tuesday, 1 September 2020

    Banque Misr, NBE sign EGP 4 bn agreement with Talaat Moustafa subsidiary to develop residential projects

    Banque Misr and the National Bank of Egypt (NBE) have signed a EGP 4 bn financing agreement with Talaat Moustafa Group subsidiary the Arab Company for Projects and Urban Development to construct two mixed-use projects in Madinaty and Rehab City...
  • Wednesday, 26 August 2020

    EGX to purchase 30% of commodities exchange management company

    EGX to claim 30% ownership of commodities exchange; who will own the futures exchange still to be determined: The EGX is staking its claim to the as of yet unestablished commodities exchange, according to statements by EGX Chairman Mohamed Farid...
  • Tuesday, 25 August 2020

    National Bank of Egypt expands internet, mobile banking platforms

    The National Bank of Egypt (NBE) has added new services to its internet banking platform its mobile banking app, the country’s largest bank said in a press release (pdf). NBE clients will now be able to complete local bank transfers,...

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