Green project bonds worth USD100bn in world market
Director of the Research Department at the Egyptian Banking Institute (EBI) Ola El-Khawaga, stressed the importance of supporting the state to invest in green projects, given the recent high rate…
17 banks involved in financing limited and middle-income housing
"There are 17 banks and three companies participating in the CBE’s initiative to finance limited and medium-income . There are negotiations to enter two new banks and another company within…
IDBE-Egypt expands real estate finance
Chairperson of the Board of Directors of the Industrial Development Bank and Egyptian Workers (IDBE-Egypt) Maged Fahmy, and Mai Abdel Hamid, head of the Mortgage Finance Fund (MFF), signed a…
CIB profits EGP5.7bn in 9 months
Commercial International Bank (CIB) posted a record profit of EGP 2.1bn in the third quarter (Q3) of 2017, up 23% year over year (YOY), according to the bank. Its revenues…
BM SMEs portfolio registers EGP 4.4bn at end of June
Bank launches training programme to raise entrepreneurs’ awareness in Alexandria
CBE grants ABE deposit of EGP 4bn for 10 years
The Egyptian Agricultural Bank's losses fell from EGP 1.084bn at the end of June 2016 to EGP 70m the next year
Factors to watch in Egypt’s stock market in week ahead
When Egypt’s stock market starts trading on Sunday, November 12, most investors should be watching certain factors in the week ahead, as some companies hold their ordinary general meetings (OGMs)…
Mubasher Trade maintains sell on CIB, sets target price at EGP 76 per share
The research firm believes that the net fees and commissions’ income should improve further in the coming period
Egypt shares almost flat in week as foreign investors book gains
EGX30 index ticks up 0.22%, or 30.8 points, to close at 14,350.14 poin
Bango, Victory Link cooperate to offer mobile payment service in Egypt
Bango, the company specialised in mobile payments, has announced that it will expand its operations in Africa by partnering with Victory Link in Egypt. As a result of this new…
