Source details top countries behind capital inflow in Egypt since 2014

Wed, 12 Apr 2023 - 12:48 GMT

A governmental source detailed to Al Watan newspaper Wednesday the top countries that contributed to capital inflow between 2014 and 2022.

Egypt aims to double capital of sovereign fund to reach LE400B

Wed, 26 Oct 2022 - 03:40 GMT

El-Said indicated that there is a target for the sovereign fund's capital to reach LE 1 trillion within five years.

Managing Labor or Managing Capital: What to consider

Thu, 01 Oct 2020 - 03:46 GMT

The world’s population stands at 7.8 billion, with developing countries home to the largest population sizes.

Angel investors examine exit options in Egypt after end of holding period

Mon, 25 May 2020 - 01:37 GMT

While the majority of start-ups need angel investments to grow, such investors have to be acquainted with exit options.

Covid-19 in Egypt: Cairo has highest count, N. Sinai is clear

Fri, 03 Apr 2020 - 06:35 GMT

North Sinai, in northeastern Egypt, has been the only Egyptian governorate to be clear of any cases.

Orascom Investment to raise its capital to LE6.25B

Mon, 08 Apr 2019 - 10:47 GMT

The board of directors of Orascom Investment Holding Company (OIH) proposed an increase in the company's capital to LE 6.25 billion after approval of the acquisition of Nile Sugar Company.

CIB approves to increase authorized capital to LE 50B

Thu, 10 Jan 2019 - 03:20 GMT

CIB’s issued capital is LE 11.6 billion, distributed over 1.16 billion shares at a nominal value of LE 10 per share.

Beltone cancels raising its capital to LE1.3B

Wed, 07 Nov 2018 - 08:12 GMT

The board also postponed its extraordinary general meeting (EGM) to Thursday, November 8, for amending some of the decisions issued on June 27, 2016.

NSB capital boosted by LE300M: minister

Sun, 21 Oct 2018 - 01:42 GMT

The increase will enable NSB to properly fulfill its mission which includes offering soft loans, said Wali, who is also the chairman of NSB.

Pioneers’ capital raise oversubscribed by 98%

Mon, 15 Oct 2018 - 01:47 GMT

Subscriptions to the capital raise started on September 5, and closed on October 11, according to the company’s statement.

Petrojet to raise authorized capital to LE 5B

Tue, 12 Jun 2018 - 06:23 GMT

The assembly also approved to increase the issued capital to LE 3.6 billion from LE 2.5 billion.

Top Greek banks would lose 15.5 billion euros of capital in stress scenario: ECB

Sat, 05 May 2018 - 09:56 GMT

Greece’s four biggest banks would lose around 15.5 billion euros worth of their capital by 2020, results of a stress test by the ECB showed.

Eastern Co. to raise paid capital to LE 2.25B

Thu, 19 Apr 2018 - 02:53 GMT

The increase of the capital will be financed by the company’s reserves.

Musk insists Tesla does not need more capital, predicts profit soon

Sat, 14 Apr 2018 - 09:47 GMT

Tesla Inc will be profitable in the third and fourth quarters of this year and will not have to raise any money from investors.

Orange secures LE 7B loan from consortium of 8 banks

Thu, 05 Apr 2018 - 03:34 GMT

The loan comes after Orange announced an increase in its paid capital to reach LE 15.3 billion.

BLOM Bank targets to increase market share in Egypt

Thu, 29 Mar 2018 - 11:54 GMT

The bank holds about 1 percent of the total domestic market.

BLOM Bank to raise issued, paid capital to LE2B

Thu, 29 Mar 2018 - 10:29 GMT

The rise in the capital is to support the bank’s financial position and to increase the capital adequacy ratio.

QNB sells a stake in the Egyptian unit, raises its capital

Sun, 18 Feb 2018 - 10:42 GMT

Qatar National Bank Alahli (QNB) hired CI Capital to advise it on the sale of a small stake in its Egyptian unit (QNB Alahli).

CI Capital acquires 80% of microfinance firm Reefy

Tue, 02 Jan 2018 - 12:53 GMT

CI Capital aims to introduce Reefy to its platform of non-banking financial services.

BREAKING: Trump officially recognizes Jerusalem as capital of Israel

Wed, 06 Dec 2017 - 06:10 GMT

United States President Donald Trump has officially recognized Jerusalem as the capital of Israel Wednesday during a televised speech from the White House.