Banking

The African Export-Import Bank (Afreximbank) and the African Association of Automotive Manufacturers (AAAM) have signed a Memorandum of Understanding (MoU) for the financing and promotion of Africa’s…
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The Egyptian Financial Regulatory Authority (FRA) on Thursday denied news reports claiming that Banque Misr plans to change the price of 4.7 Egyptian pounds ($0.30) a share it has offered to acquire…
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The Central Bank of Egypt (CBE) has collaborated with the Financial Regulatory Authority (FRA) to launch an innovation sprint to address the challenges caused by the novel coronavirus (COVID-19)…
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Central Bank of Egypt (CBE) targets to cover 400 million merchandise in the Egyptian market through the mobile wallet system that was previously approved in 2013, said CEO and Chairman of Banque de…
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Saudi engineering, procurement, and construction company Al Sharif Group Holding (ASG) has signed a long-term financing agreement of up to around 978.2 million Egyptian pounds ($62.6 million) with the…
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HSBC has launched its first cashback credit card in Egypt, giving retail customers up to 3 percent  cashback on everyday purchases.
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Egypt’s Credit Guarantee Company (CGC) registered a more than 100% year-on-year (YoY) growth in its business volume in 2020.
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The Housing and Development Bank (HDB) has reported a growth rate of 96% in its retail loans segment at the end of 2020, while the rate of increase in car loans jumped by 380%.
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Mashreq Bank – Egypt has launched the new Turbo Loan product, to provide financing for the country’s business community and the self-employed.
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The total financial position of banks operating in Egypt jumped to about EGP 6.889trn at the end of September 2020, according to the Central Bank of Egypt (CBE)
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