Latest in Tag: the Commercial International Bank (CIB) Highlight
Latest in Tag: the Commercial International Bank (CIB)
ADQ acquires stakes in five largest Egyptian companies in deals worth $1.8bn
The shares that were bought are as follows: 17.1% from the CIB, 21.25% from Abu Qir Fertilisers, 33% from Alexandria Container Handling, 12.6% from Fawry, and 20% from MOPCO.
Banks achieve net profits worth EGP 30.143bn in Egyptian market until September 2016: CBE
The five largest banks acquire 44.32% of total profits, 42% of total revenues
10 banks offer EGP 6bn syndicated loan to Etisalat Egypt
A banking alliance of 10 major banks signed a syndicated long-term loan to Etisalat Egypt, amounting to EGP 6bn, to finance the purchase of the 4G licence and the new frequencies, as well as the repayment of the existing dues and the company’s operation expenses. The alliance included the National Bank of Egypt (NBE), the …
Letter of intent for €80m signed by CIB, French Development Agency Group
CIB and AFD aim to finance and promote climate and environment benefiting private investments.
Suez Canal ceremony expenses collected: Canal Authority official
Donations ranged between $250,000 and $1m, the official noted
Banking and Insurance Special: E-Finance to partner with banks
Blom Bank Egypt, the Arab Bank, NSGB and CIB among those negotiating with the electronic payment system company