Tag: Egypt
Egypt seeks to raise $5 billion from state IPO program by mid-2024
The government announced that it collected $5 billion from offering stakes in 13 companies between March 2022 and July 2023.
Network International invests EGP 1 billion in Egypt
The payments firm plans to use part of the investment to acquire, deploy and maintain around 100,000 POS machines
NBK-Egypt posts EGP 1.57 billion in H1 2023 net profit
NBK-Egypt said its net operating income in the six months to June 30, jumped by 95% to EGP 3.9 billion.
Middle East investors to inject $120 billion in Egypt
The UAE invested in 71 projects worth a record $5.6 billion in 2021 alone, with the most significant being The Agtech Park.
Al Baraka Bank posts EGP 1.02 billion in profit H1 2023
The bank achieved a net profit margin of 5.2% compared to 4.3% in the first half of 2022
EFG Holding Q2 2023 revenue soars to EGP 3.1 billion
The bank’s operating profit in the three months to June 30 reached EGP 988 million, up 46% y-o-y despite an increase in group operating expenses
Egypt central bank signs MoU with London Institute of Banking & Finance
The initiative aims to nurture the next generation of finance professionals by equipping them with the necessary skills and knowledge
Crédit Agricole Egypt posts $81.2 million in H1 net profit, up 146%
The bank said its net banking income surged by more than 108% year-on-year to reach EGP 4.5 billion
African fintech Opay mulls Egypt digital bank license application
OPay’s digital bank will provide lending, savings and card services via the internet without the need for customers to go to branches
Egypt secures $616 million loan from Arab Monetary Fund
The financing deal seeks to augment Egypt’s payments infrastructure, promote financial inclusion and strengthen the regulatory framework