Monday 23 Dec

Bank

Northvolt, European battery maker on the brink of bankruptcy
2024/11/23

Northvolt, European battery maker on the brink of bankruptcy

Peter Carlsson, CEO of Northvolt since 2016, has stepped down as the Swedish battery maker filed for Chapter 11 bankruptcy protection in the U.S. The...

Al Ahly Sabbour, partners with Suez Canal Bank, Mint for new real estate development
2024/11/20

Al Ahly Sabbour, partners with Suez Canal Bank, Mint for new real estate development

MINT Real Estate Asset Management, an Ahly Sabbour subsidiary, has partnered with the Suez Canal Bank to launch a new real estate development venture, "Anchors."

Morgan Stanley expects status quo on Egypt rates
2024/11/19

Morgan Stanley expects status quo on Egypt rates

Morgan Stanley expects the Central Bank of Egypt to maintain interest rates unchanged at its Monetary Policy Committee meeting the coming Thursday.

EGP 5 billion raised from United Bank share sale
2024/11/14

EGP 5 billion raised from United Bank share sale

A statement on the website of the United Bank of Egypt confirmed Egypt's aim to raise EGP 5 billion through a public offering of 30%...

Sisi pledges relief amid rising costs
2024/11/03

Sisi pledges relief amid rising costs

President Abdel Fattah El-Sisi received on Sunday Director General of the International Monetary Fund Kristalina Georgieva, and the high-level delegation accompanying her, in the presence...

Bank Misr awaits rate decision before launching new funds
2024/10/28

Bank Misr awaits rate decision before launching new funds

Hassan Samir, Head of Investment and Real Estate Development at Bank Misr, revealed that the bank is closely monitoring interest rate movements to proceed with...

Egypt to tap into green finance for new projects
2024/10/27

Egypt to tap into green finance for new projects

Egypt and other African and Asian nations are set to receive substantial funding for green projects, as part of global efforts to combat climate change....

Kouchouk: Egypt looks forward to constructive dialogue with IMF
2024/10/27

Kouchouk: Egypt looks forward to constructive dialogue with IMF

Minister of Finance Ahmed Kouchouk concluded his participation in the annual meetings of the International Monetary Fund (IMF) and the World Bank in Washington. During...