Banking

Al Morshedy Mall has signed an EGP 700 million financing agreement with Al Baraka Bank-Egypt to establish a new commercial centre in the fifth settlement.
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Egypt has reportedly appointed six international banks to manage its maiden $ 2 billion sovereign sukuk issuance, Bloomberg reports, citing unnamed sources it says have knowledge of the matter.
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Remittances from Egyptians working abroad rose by 6.6 percent year-on-year from January to November 2021 to $28.9 billion, Egypt’s central bank announced.
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 Societe Arabe Internationale de Banque (SAIB) reported a 2% decrease in its net profits after tax to $19.9 million in 2021, compared to $20.44 million in 2020.
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The Egyptian Stock Exchange (EGX) launched four sub-indices to measure and track the performance of Egyptian treasury bonds, which are listed and traded on the exchange according to different maturity…
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The Visa Everywhere Initiative (VEI) 2022, a global open innovation competition, powered by FinTech Egypt - an initiative by CBE-, is inviting Egyptian early-stage FinTech and payments startups to…
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The Central Bank of Egypt (CBE) has granted EGP 253 billion facilities to the private industrial sector by the end of December 2021, according to recently published data.
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The Central Bank of Egypt (CBE) launched an initiative to guarantee import operations by covering the risks associated with issuing documentary credits through banks, which will be issued starting…
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EFG Hermes Corp-Solutions, a subsidiary of EFG Hermes Holding and one of Egypt’s leasing and factoring companies, signed a $25m deal with Transmar — a wholly-owned subsidiary of IACC Holdings and…
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The board of Egyptian Financial Group Hermes Holding (EFG Hermes) has appointed a financial advisor and legal counsel for First Abu Dhabi Bank's (FAB) non-binding initial offer to acquire a majority…
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