Finance News
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HSBC Egypt launches LE300 mn fund for SMEs
Medium-sized enterprises with 10 to 50 employees account for around 2.7 percent of total businesses.
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Egypt's Oriental Weavers to issue dividend of 0.4 pounds per share
The company last month reported a 2014 net profit of 377.47 million pounds.
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Three local energy-related firms to list on Egypt stock exchange
The EGX has attracted six new companies in the first quarter of 2015.
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Egypt's CIB board asks management to consider making offer for Citigroup retail ops
CIB said last month that Citigroup had opened its books for a due diligence process.
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Egypt's central bank says sells $281 mln in interbank market
The bank sold $420 million last month in the interbank market to meet similar demand for dollars.
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Egypt to look again at trading bonds on Cairo bourse: minister
Bonds were supposed to start trading on the stock exchange in the third quarter of last year.
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London Stock Exchange welcomes Egypt’s Edita Food Industries
In addition to Edita there are a further ten Egyptian companies on London's markets with a combined market capitalisation of over $23bn.
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Egypt's CIB Bank to issue dividend of 1.2 pounds per share
The bank last month reported annual net profits of 3.74 billion pounds until December.
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Egypt adds name to join China-backed AIIB investment bank
China welcomes the application and if the process goes smoothly Egypt will become a member on April 14.
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Egypt's Edita sets share price at 18.50 Egyptian pounds
Subscriptions for a separate domestic offering available only in Egypt will close at the end of the month.
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Egypt's Arab Investment Bank and IDB unit launch leasing firm
Arab Investment Bank offers Islamic banking products in two of its 18 branches and is also planning to expand that range of products.
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EFG Hermes returns to profit on investment bank expansion
Chief Executive Karim Awad said the company would launch a leasing business in Egypt by early May.
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MOPCO lists on EGX with EGP 2.3bn
MOPCO is third biggest nitrogen producer globally
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European Investment Bank signs a €120m loan with NBE
EIB also signed a declaration with the government to support economic and social development projects.
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Egypt bourse expects 7-8 stock listings by mid-2015: Chairman
Orascom construction is one of these companies.
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CIB Starts Due Diligence on Citigroup’s Egypt Retail Business
Citigroup is exiting its consumer banking business in 11 countries to focus on markets with great scale and growth potential.
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Orascom Construction to start trading in Egypt on Weds: Bourse
Orascom had started trading in Dubai stock.
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Egypt targets FDI worth $60 billion over four years: minister
Arabi said he expected the law to be issued by presidential decree within days.
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Egyptian Tax Authority is now connected
The authority cooperated with E-Finance to launch website to better serve tax community