Forbes Middle East Unveils The Top 50 Listed Companies In Egypt

Forbes Middle reveals its first "Top 50 Listed Companies In Egypt" ranking, featuring the country's most valuable and profitable players

Egypt Economic Summit Returns for 2nd Edition in December

The nation's biggest Economic Summit is back for a second run on December 2 at St. Regis Cairo, under the auspices of Prime Minister Mostafa Madbouly, starring more than 20 keynote speakers and influential leaders ...

MNHD, CIB Seal EGP 1.1 bn Syndicated Loan Agreement

Egypt's Madinet Nasr for Housing and Development (MNHD) has agreed on an EGP 1.1 bn syndicated loan, aiming to proceed with plans to pump EGP 12 bn over the next three years into east Cairo's Sarai and Taj City pr ...

City Edge Developments Announces Management Changes

City Edge Developments (CED) has appointed Amgad Hassanein to the position of CEO to succeed Amr El Kady who has resigned his position

UAE Banks Weighing Proposed Caps to Property Lending

United Arab Emirates' bank lobby is proposing limits on bank lending to the real estate sector to protect them from being overexposed to sector.

Bahrain’s RERA Launches New Real Estate Valuation System

Bahrain's Real Estate Regulatory Authority (RERA) launched on October 21 a new real estate valuation system to ensure greater protection to investors and other sectors including that of banking

Sawiris Plans for USD 2 bn Tourism Projects in North Coast

Egyptian tycoon Naguib Sawiris has revealed his intentions to pump investments estimated at USD 2 bn into the Egyptian tourism sector, namely in the North coast, to join the host of tourism projects being implemen ...

Emirates NBD Egypt PMI Falls in January

The Emirates NBD Egypt PMI declined for the fifth month in a row in January 2019 to reach the lowest level since December 2017, yet above the series average.

EFG Hermes to Set Foot in Insurance, Mortgage Sectors

Egypt's investment bank EFG Hermes is planning to expand by adding insurance and mortgage lending to its services after getting regulatory approval, while also seeking to set foot in a new market in Asia or Africa ...

CBE: USD 57 bn Cash Flow into Banks in 8 Months

Central Bank Governor Tarek Amer announces cash inflows into Egypt's banking system totalled over USD 57 bn since Egypt floated its currency in November, according to Reuters.

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