Finance News
-
Global banking is HSBC’s priority in Egypt: Blanchet
HSBC launched in April its second International Growth Fund, worth EGP 300m, to support SMEs.
-
ABG Egypt unit income surges 21pc
Total financing and investments portfolio grew by 4pc to reach $2.6bn by the end of March this year.
-
Egypt targets 5% growth in FY2015/16: Minister
The state budget will only feature LE55 billion in government investments while the rest will be financed from various sources.
-
Egypt's CIB bank Q1 net profit up 38 pct year-on-year
CIB had in 2014 posted a 36 percent rise in net profit for the full year.
-
European Union and Ministry of Finance launch Twinning Project
The project aims to enhance the accounting and auditing profession in Egypt
-
Egypt is only Mena market to issue IPOs in Q1 2015: EY
Both of the IPOs that closed in Q1 2015 were companies based in Egypt, with Orascom Construction opting for a dual listing on the Egyptian Stock Exchange (SE) and Nasdaq Dubai.
-
$15B provided for import needs in 4 months: CBE governor
CBE sold $800 million at regular FX auctions last week to cover pending backlog for the import of raw materials, production requirements and spare parts and food commodities.
-
Egypt issues $1.302 bn in USD denominated t-bills at avg yield of 2.643 pct
The minimum yield was 2.6 percent and the maximum yield was 2.65 percent.
-
Egypt's Amer Group posts jump in Q1 profit
Amer has diversified businesses in the primary and secondary homes market, as well as hotels, shopping malls and restaurants.
-
Egypt's annual core, urban inflation slow in April
Inflation accelerated in Egypt after the government slashed subsidies in July, pushing up fuel prices as much as 78 percent.
-
Top Egypt medical firm sees London IPO 11 times oversubscribed
IDH is the largest fully-integrated private-sector medical diagnostic services provider in Egypt.
-
Faisal Islamic Bank’s volume of business increases 10%
Meanwhile the bank’s net profits reached EGP 196.97m in the first quarter of 2015, compared to EGP 172.3m during the same period in 2014.
-
London Stock Exchange welcomes Egypt’s Integrated Diagnostics Holdings
IDHC becomes first Egyptian healthcare company to complete a UK offering, second listing by an Egyptian company in London this year, third healthcare company from the MENA region to list in London.
-
Banque Misr approves EGP400m for SMEs
The official further noted that the bank is currently studying funding a further 15 clients in the SME sector with EGP 100m.
-
Egypt to issue 1-year T-bill worth $1.250 bln: cbank statement
The auction deadline is May 11, 2015 and the issue date is May 12.
-
Egypt Holds Record Currency Sale After Gulf Aid Boosts Reserves
The Central Bank sold $500 million to banks this week to clear a backlog of food imports.
-
Egypt: Central Bank Reduces Foreign Exchange Auction Days to Three Per Week - Statement
Egypt's foreign reserves jumped to $20.525 billion at the end of April, an increase by $5.234 billion from last month.
-
Egypt: Banks told to sell dollars
The country taps cash aid from its Gulf allies to fight the highest food inflation in five months.
-
Egypt's Crédit Agricole posts 60% higher profits in Q1
Profits rose to LE236 million in the first quarter of this year, compared to LE147.6 million in the same period last year.
-
World Bank lends Egypt $500 mln for social housing project
Madbouly said 170,000 units would be completed by the end of the year, bringing the total number of finished units to 250,000.