Egypt’s largest listed bank, Commercial International Bank (CIB) has agreed to sell 10 percent of its investment …
Tag:
Gulf
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Egypt News
‘Security of the Gulf states is security of Egypt,’ Sisi tells Kuwait ruler
by Yomna Yasserby Yomna YasserPresident Abdel Fattah al-Sisi told Kuwait’s emir Sabah Al-Ahmed Al-Sabah in a meeting on Sunday that the …
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Real Estate
Abraj Misr may team up with Egyptian, Gulf investors for a housing project
by nada nasserby nada nasserEgypt’s property developer Abraj Misr says it is studying executing a new residential project in partnership with …
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MENA News
Saudi Arabia, Kuwait signal likely extension of oil supply cuts
by nada nasserby nada nasserLeading Gulf oil producers Saudi Arabia and Kuwait gave the clearest signal yet that OPEC plans to …
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Banks
Gulf deposits to Egypt sharply fall to $2 bln in 2016: official
by Yomna Yasserby Yomna YasserDeposits from the Gulf to Egypt’s central bank (CBE) have fallen to record $2 billion during 2016, …
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Egypt’s largest listed lender, Commercial International Bank (CIB) announced Monday selling a 74.75 percent stake in its …
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Egypt News
Egyptian-Bahraini joint military exercise carried out in Manama
by Yomna Yasserby Yomna YasserEgyptian and Bahraini naval and air forces took part in a joint military exercise in the Gulf …
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Saudi Arabia will appoint a new ambassador to Lebanon, encourage the return of Saudi tourists and increase …
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Banks
Egypt’s HC says to complete $80 million acquisitions in Gulf this year
by Yomna Yasserby Yomna YasserEgypt’s investment bank, HC Securities is planning to make two new acquisitions totalling $80 million in one …
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Industry & Trade
UAE, the gulf’s biggest investor in Egypt in Q1-FY2016/17: CBE
by Yomna Yasserby Yomna YasserUAE takes the lead on investments in Egypt among Gulf countries, with investments totalling $328.6 million throughout …