Egyptian investment bank FEP Capital expects to complete initial share offering of business tycoon Ahmed Abou Hashima's Egyptian Media Company in 2018, FEP chief executive Omar El Maghawry said Tuesday.
FEP Capital, part of regional First Equity (...)
Egypt plans to launch international bonds ranging between $2 billion and $2.5 billion within the first half of next January, the country's finance minister said Monday.
"The launch was supposed to be within this November, but the U.S. elections and (...)
Egypt-based investment bank Acumen Holding has won the management of the Housing and Development Bank's (HDB) newest real estate mutual fund, chairperson Rana Adawi announced Monday.
"We expect the fund will be launched within the first quarter of (...)
Egypt's second biggest bank, state-owned Banque Misr has provided around $825 million to cover import payments since the central bank devalued pound on November 3rd, vice chairman said Monday.
"We opened letters of credit worth around $825 million (...)
Egypt's investment bank Beltone Financial has completed the acquisition of micro finance enterprise Reefy and is looking into more upcoming deals, its vice chairman Magued Shawky announced Monday.
Beltone is studying carrying out a number of new (...)
Foreign investments in the Egyptian treasury bills have reached $500 million since the country's central bank devalued the local currency on November 3rd, finance minister said Monday.
Egypt is targeting foreign investments ranging between $8-10 (...)