Banking

The Abu Dhabi Islamic Bank-Egypt (ADIB Egypt) has received the Financial Regulatory Authority’s (FRA) approval to proceed with the capital raise procedures.  
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The first-ever AfriCaribbean Trade and Investment Forum (ACTIF2022) opened in Bridgetown, Barbados.
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Egypt’s state-owned lender, Banque du Caire (BdC)announced that it has seen  a 6 percent year-on-year growth in standalone pre-tax profit for the first half of the year.
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Societe Arabe Internationale De Banque (SAIB) has completed selling its 8.53% stake in Pyramids Paper Mills (Flora) for EGP 3.85 million.
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Egypt’s external debt registered $157.8bn in March 2022, up by about $19.9bn, compared to June 2021.
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The Central Bank of Egypt (CBE) has instructed banks to remove maximum limits for deposits by individuals and companies at bank branches and ATMs, according to a circular released on Thursday.
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Central Bank of Egypt Acting Governor Hassan Abdalla has appointed Hisham Ezz Al-Arab, the former president of the Commercial International Bank (CIB), and Mohamed Naguib, the former head of the saib…
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The National Bank of Kuwait-Egypt (NBK-Egypt) reported net earnings of EGP 756.50 million (about KWD 13.80 million) during the first half (H1) of 2022, according to a statement to Boursa Kuwait on…
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Egyptian expats’ remittance inflows to Egypt grew in FY2021/2022 by 1.6 percent to post $31.9 billion, up from $31.4 billion recorded in FY2020/2021, the Central Bank of Egypt (CBE) announced on…
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The Housing and Development Bank (HDB)'s business results showed a 30% increase in the bank’s consolidated net profits compared to the same period of the previous year.
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