Tag: Egypt
Egypt offloads 9.5% stake in Telecom Egypt for $121 million
Egypt is offering a further 0.5% for company employees to buy until May 25
Egypt’s SODIC posts EGP 187 million in Q1 profit
The Egyptian developer’s revenues jumped 26% to EGP 1.50 billion in the quarter from EGP 1.20 billion in Q1 2022
Fitch Ratings downgrades Egypt’s sovereign credit rating
Egypt’s external financing risk has increased given the country’s high external financing requirements
EFG Hermes’ aiBank posts EGP 525.6 million FY net profit
aiBank’s outstanding business results follows its acquisition by EFG Hermes and the Sovereign Fund of Egypt
Mastercard, Egypt’s egabi partner to advance digital lending solutions
Mastercard has partnered with the fintech solutions provider egabi to advance financial institutions and non-traditional partners’ access to new embedded finance and digital lending...
Taly launches digital payment services in Egypt with BPC
Taly’s launch of comprehensive digital payments in Egypt is expected to expand digital transformation services
ACWA Power’s Egypt solar project secures $123 million financing package
The project already has equity bridge loans of $14 million from the EBRD and $45 million from APICORP
FABMISR posts EGP 4.5 billion full-year net profit
The bank’s total assets grew by 55% compared to 2021 to reach EGP206.45 billion as of the end of December 2022
Egypt secures $345 million for train project from Jeddah-based IsDB
The project is expected to benefit 25 million people annually and decrease carbon emissions by approximately 250,000 tons annually
Egypt, UAE companies form $9.8 million joint venture
The signing of the agreement marks another milestone in the cooperation between the UAE and Egyptian companies