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Mastercard and Suez Canal Bank Award

Bank NXT Joins Forces with Red Hat to Boost Operational Efficiency and Customer Experience

EFG Foundation Signs Tripartite Agreement with aiBANK Foundation and the Magdi Yacoub Heart Foundation to Support the Training and Qualification of Nurses

Egypt new ‘highest interest ever’ dollar savings certificate

Banque du Caire celebrates the first graduating cohort from its “Fast Track” program

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CIB’s Amani Abou-Zeid re-elected to African Union Commission

Commercial International Bank (CIB)’s board member Amani Abou-Zeid was re-elected to serve a four-year term as the African Union Commissioner for Infrastructure and Energy, responsible for the energy,…
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Banque du Caire hasn’t seen a large rise in defaults despite covid-19

State-owned Banque du Caire (BdC) hasn’t seen a large rise in defaults despite covid-19, according to figures given by Chairman Tarek Fayed in an interview with the local press this week.
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Egypt’s Zulficar & Partners mandated as legal advisor for Banque Misr-CI Capital deal

Zulficar & Partners Law Firm has been mandated as legal advisor in Banque Misr’s potential acquisition of the share capital of CI Capital Holding for Financial Investments, its founding partner…
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Egypt’s Banque Misr eyes to buy CI Capital shares

Banque Misr, one of Egypt’s largest state-run lenders, is planning to submit an offer to buy the share capital of CI Capital Holding for Financial Investments for 4.7 Egyptian pounds ($0.30) per…
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Egypt’s Banque du Caire to partner with foreign investor to set up e-payments company

Egypt’s state-owned Banque du Caire will be partnering with an unnamed foreign investor to set up an e-payments company, its head of investments Mohamed Ragai told local newspaper Al Shorouk on…
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South Africa’s Ramaphosa says access to concessional loans key to Africa’s recovery

Access to loans on favourable terms will be crucial to Africa’s economic recovery from the COVID-19 pandemic, South Africa’s President Cyril Ramaphosa said on Saturday.
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Banque Misr keeps monthly return on saving certificates at 11%

The Assets and Liabilities Committee (ALCO) at Banque Misr decided on Thursday to keep the interest rate or return on its three-year Summit Certificates, the return of which is paid monthly, at 11…
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Egypt’s central bank keeps interest rates on hold in 1st meeting during 2021

The Monetary Policy Committee of the Central Bank of Egypt (CBE) decided Thursday to keep the overnight deposit rate, overnight lending rate, and the rate of the main operation unchanged at 8.25…
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AAIB lends support to Egypt’s cashless economy drive

The Arab African International Bank (AAIB) has announced that it will offer Egyptian merchants the opportunity to use the state-of-the-art N-Genius™ acceptance platform, to support their payment…
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Federation of Egyptian Banks donates EGP 500m for COVID-19 vaccine

The Federation of Egyptian Banks (FEB), headed by Mohamed El-Etreby, has contributed 500 million Egyptian pounds for Egypt’s purchase of vaccines for the novel coronavirus (COVID-19) pandemic
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