Banking

The International Monetary fund (IMF) said that with uneven vaccination rollouts, the recovery in the Middle East and Central Asia is expected to be multispeed and fragile and countries need to…
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The board of directors of Societe Arabe Internationale de Banque (SAIB) approved a decision to exit from Cairo National Company for Brokerage and Securities. 
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Remittances from Egyptian expatriates climbed 10.2 percent or $1.7 billion during the first seven months of 2021, recording $18.7 billion, compared to $17 billion during the same period of 2020,…
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Egypt’s annual headline urban inflation increased to 6.6% in September 2021 from 5.7% in August, driven by strong monthly dynamics as well as unfavourable base effects.
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Mashreq Bank Egypt has announced a strategic long-term partnership with Visa, the world’s leader in digital payments technology to support e-payments and provide digital solutions through the launch…
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The National Bank of Egypt (NBE) has managed to support a number of defaulting businesses and bring their economic activities back to life.
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The European Bank for Reconstruction and Development (EBRD) is increasing economic opportunities in Egypt by collaborating with Hyundai Rotem to offer certified training to 80 unemployed young people.
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Six of October Development and Investment (SODIC) signed a long-term syndicated facility worth EGP 1.57 billion with Arab African International Bank (AAIB) and Banque Misr (BM) to finance the…
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Egypt is set to enter JP Morgan’s emerging market government bond index starting on Jan. 31, the investment bank said in a research note.
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EFG Hermes' consumer finance platform valU aims to increase the number of users to 250,000 by the end of 2022 from the current 100,000, the CEO of EFG Hermes Finance, Walid Hassouna, said according to…
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