Day: November 21, 2023

The Egyptian Junior Business Association (EJB) and the Hong Kong MENA Region Chamber of Commerce have signed a Memorandum of Understanding to enhance their cooperation and trade, creating business opportunities for entrepreneurs in both Egypt and Hong Kong. The agreement was signed by Bassam El-Shanawany, the EJB Chairperson, and Amr…

Halan Consumer Finance, a subsidiary of MNT Halan, is preparing to issue securitization bonds worth EGP 1bn before the end of 2023. According to sources, the issuance will help the company repay some of its loans to the Commercial International Bank (CIB), which is the exclusive advisor for the transaction.…

DNE has learned that Japan Tobacco International (JTI) has filed a complaint to the Egyptian Competition Authority (ECA) alleging that the Eastern Company, the largest cigarette producer in Egypt, has a monopoly in the cigarette market. A senior source said that the complaint concerns JTI’s Gold Coast brand, which competes…

The Arab African International Bank (AAIB) reported the financial results for Q3 2023 on Monday. Tamer Waheed, Vice Chairman and Managing Director, commented on the quarter results: “The bank delivered another quarter of exceptional results” determined to regain lost market share. Waheed further commented, “Undermined for too long, we are…