The Egyptian Exchange announced on Sunday the sale of 74.75% of CI Capital Holding’s shares, affiliated to the Commercial International Bank (CIB), at EGP 710.158m.

Building on the crucial role of SMEs in supporting and enhancing the Egyptian economy, EGX and ALEXBANK signed a MoU to support and empower Egyptian SMEs, by facilitating access to capital for business expansion of promising and growing companies.

Egypt’s second largest mobile operator, Orange Egypt, announced on Wednesday its 2016 consolidated financial results, recording a net loss of EGP 2.5 billion in 2016 compared to a net profit of EGP 10.3 million the year before.

The memorandum of understanding (MoU) will allow cooperation between the two parties in terms of the development of financial instruments and mechanisms and form strategies to strengthen the position of both stock exchanges at the international level.