Four banks, the largest in Egypt, are joining the country's consumer-spending initiative, which will provide customers with a wide range of goods at discounts ranging between 15-25 percent.
The National Bank of Egypt (NBE), Banque Misr, Banque du (...)
Americana Group, leading Restaurants & Foods company in MENA, has reached a business volume of $8 billion in the Egyptian market diversified between restaurants and food industries, according to Ahmed Ismail, Director of Corporate Finance and (...)
The African Export-Import Bank (Afreximbank) has signed a $170 million facility with Egypt-based conglomerate, Orascom Investment Holding (OIH), to assist the company expand its pan-African activities.
The facility would boost OIH's short and (...)
The African Export-Import Bank (Afreximbank) reported a 14.3 percent rise in nine-month gross income to $546.6 million, according to its unaudited financial statements released on Friday.
Cairo-based Afreximbank, which was founded by African (...)
Egyptian President Abdel Fattah al-Sisi has inaugurated Wednesday the Tripartite Summit of the East Africa Community (EAC), the Southern African Development Community (SADC) and the Common Market for Eastern and Southern Africa (COMESA).
Egypt is (...)
Egypt will be hosting Africa's investment and trade forum next October, President Abdel Fattah al-Sisi announced Wednesday.
The forum is set to take place on October 29-31, 2015, aiming to highlight regional and international trade and investment (...)
Egypt's Social Fund for Development (SFD) may coopearte with UAE's Khalifa Fund for Enterprise Development in arranging an exhibition for the small and medium enterprise (SME) projects in Sharjah.
Speaking to Amwal Al Ghad on Saturday, Soha Soliman (...)
Kellogg Company, the world's biggest cereal maker, announced it expects to acquire an 85.93% stake in Egypt's Bisco Misr based upon the number of shares tendered to the company through the Egyptian Stock Exchange as of the close of Kellogg's (...)
US food giant Kellogg's purchase offer for Egypt's BiscoMisr is worth EGP 945 million (US$132.1 million), according to the company's Vice President of Central and Eastern Europe, the Middle East, and North Africa Amr Farghal.
Farghal said during a (...)
Commercial International Bank (CIB) has initially approved to finance US$300 million in Favor of Inter Cairo Company for aluminum industry so as to set up a new factory for aluminum with US$500 million total investment cost.
In statements to Amwal (...)
Inter Cairo Company for aluminum industry is aiming to launch new factory for aluminum with the participation of a numbers of Chinese and Almalizin investors with US$500 million investment cost.
Chairman of Inter-Cairo Khaled Ali Abdallah revealed (...)
Inter Cairo Company for aluminum industry is aiming obtaining US$1 billion loan in order to finance part from its investment cost for an aluminum complex.
The company held talks with the National Bank of Egypt (NBE) and Commercial International Bank (...)
Dubai developer Al Futtaim Group will sign today a loan agreement worth EGP 532 million with Commercial International Bank (CIB) – Egypt. The loan will go for financing the second phase of Al Futtaim's Cairo Festival City project in New Cairo.
From (...)
Egyptian food company Wadi Group is seeking to obtain 55% banking finance for Phase II of Egypt's first river port project, the company's CFO told Amwal Al Ghad on Tuesday.
Ramzi Nasrallah, Chief Financial Officer at Wadi Group, further stated that (...)