List of Banks in Egypt
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Banque du Caire launches “Tally” e-payments company, with EGP 500m paid-up capital
“Tally” is a comprehensive platform for digital payment solutions in Egypt, with investments amounting to EGP 500m.
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Banque Misr, Banque du Caire, Misr Insurance Holding Group, Allianz Egypt launch Real Estate Investment Fund 1
Real Estate Investment Fund 1 signed a deal to purchase commercial real estate assets from Talaat Moustafa Group in Al-Rehab City and Madinaty
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World Bank grants Egypt $9.13 M to expand the greater cairo air pollution management and climate change project
The development of this project is to support Egypt’s 2050 Climate Strategy
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Electro Cable logs higher consolidated profits in 2022; capital reduction proposed
The sales hit EGP 5.69 billion last year, higher than EGP 2.66 billion in 2021, according to the income statements.
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JumiaPay to facilitate e-payment for ZoomCar through new partnership
e-commerce platform has teamed up with Zoomcar to endorse online payment and collection transactions for car rentals, according to a press release.
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Interview: EBRD to invest in Egypt over $1.4 bln in 2023
The EBRD has financed 163 projects since it began operations in the country. Of these projects, 57 percent were directed to the private sector.
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World Bank announces $9.13 mln grant to support Egypt’s climate change efforts
The grant is from the Global Environment Facility (GEF) to expand the scope of the Greater Cairo Air Pollution Management and Climate Change Project.
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African development bank holds first industrial and trade business opportunity forum in Egypt
Egyptian businesses keen to increase business and deepen integration with other African countries.
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Sukuk and bond pricing mostly similar; Sukuk less liquid
We expect this trend to continue in 2023. However, the liquidity profile of most Islamic banks in the GCC generally remain intact.
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Egypt in talks with EBRD over under-construction projects
The minister lauded the positive bilateral cooperation with the European bank in carrying out a number of projects in the transport domain.