Banking

The Housing and Development Bank (HDB) has been awarded “Fastest Growing Commercial Bank” and “Fastest Growing Credit Card Issuer”, from Global Brands Magazine.
Read More...

Beltone Financial, an investment bank operating in the Middle East and one of the region’s leading financial services firms, has announced that its covered banks showed an aggregate 12% year-over-year…
Read More...

Egypt’s Arab African International Bank (AAIB) reported over 13 percent year-on-year growth in profit for the first half of the year.
Read More...

African Export-Import Bank (Afreximbank) has released its audited financial statements for the six months ended 30 June 2021, showing a solid performance, in line with expectations.
Read More...

Egypt’s M2 money supply grew by 17.2 percent year-on-year in July, central bank statistics published on Tuesday showed.
Read More...

Egyptian Chemical Industries (Kima) has signed a memorandum of understanding (MoU) to restructure the joint loan for its Ammonia and Urea Fertilizers Plant, according to a statement.
Read More...

Egypt’s external debt increased to $134.8 billion by the end of March 2021, an increase of about $11.3 billion from June 2020, according to the Central Bank of Egypt (CBE).
Read More...

The Egyptian payment portal myFawry has been placed in the first position in the list with more than 1.6 million downloads in 2020, followed by the UAE-based Al Ansari Exchange Mobile App and Kuwait's…
Read More...

Banque du Caire reported standalone net profits at EGP 1.8 billion in the first half (H1) of 2021, up by 7% year-on-year (YoY) from EGP 1.7 billion.
Read More...

The Republic of Rwanda has become the first African country to ratify the Agreement for the Establishment of the Fund for Export Development in Africa (FEDA), while the Republic of Togo and the…
Read More...