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Banking
National Bank of Egypt ranked as best bank on syndicated loans in Egypt, Africa
The National Bank of Egypt (NBE) has managed 27 financing deals with a total value exceeding EGP 134bn during the first half (H1) of 2021.
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Remittances of Egyptian expats rise to $25.8bn in 10 months
The value of remittances of Egyptians living abroad increased by 34% year-on-year (YoY) to $2.5 billion in April, compared to $1.8 billion, according to data by the Central Bank of Egypt (CBE) on…
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Egypt’s NBE mulls arranging syndicated loans worth EGP 270 billion
The National Bank of Egypt (NBE), the country’s largest public lender, is studying arranging a number of syndicated loans worth up to 270 billion Egyptian pounds ($17.2 billion), a senior official…
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Egypt, Iraq discuss means of tripartite economic integration with Jordan
Egypt’s Minister of Trade and Industry Nevine Gamea has held talks with Iraq’s Minister of Planning Khalid Najim to discuss means of tripartite economic integration between the two countries and…
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EFG Hermes launches new online trading platform in Kenya
EFG Hermes Kenya, part of Egyptian investment bank EFG Hermes Group, has launched on Monday its online equity-trading platform, EFG Hermes One, to offer retail investors seamless and convenient stock…
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Local currency deposits at banks in Egypt increase by EGP 53.774bn during May 2021: CBE
The Central Bank of Egypt (CBE) revealed an increase in the volume of local currency deposits in banks operating in Egypt by about EGP 53.774bn, to reach about EGP 3.932trn during May 2021, compared…
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ADIB-Egypt forms tri-party cooperation to launch pre-paid ‘Khazna Meeza’ card
The Abu Dhabi Islamic Bank – Egypt (ADIB-Egypt) announced that it is forming a tri-party collaboration with start-up Khazna and Masria Digital Payments (MDP), a leading end-to-end e-payment solutions…
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Foreign investments in Egypt T-bills jumps to $22.5 bln by end-May: CBE
Foreign investments in Egypt’s treasury bills (T-bills), one of Egypt’s key debt instruments, recorded close to EGP 350 billion (about $22.5 billion) by the end of May, according to the Central Bank…
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Egypt’s Balance of Payment records $1.8bn surplus in nine months – CBE
Egypt's balance of payments (BoP) registered a surplus of $1.8 billion during the first nine months of the fiscal year (FY) 2020/2021, according to a recent report by the Central Bank of Egypt.
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CIB gets FRA’s approval to issue Egypt’s first corporate green bonds
The Commercial International Bank-Egypt (CIB) announced that the subscription is opened for the first green bonds to be issued in the local market after obtaining preliminary approval from the…
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