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Egypt’s iron, steel exports hit $1.49bn in 10M
Egypt's exports of iron and steel have amounted to $1.49 billion in the first ten months (10M) of 2021, up by around 189% year-on-year (YoY) from $516 million, according to local press
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Fawry to establish consumer finance company with EGP 10m initial capital
Fawry for Banking Technology and Electronic Payments will establish a consumer finance company, Fawry Consumer Finance, with an initial capital of EGP 10 million
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Egypt’s portfolio in Asian Infrastructure Investment Bank exceeds $1bn
Egypt's portfolio in the Asian Infrastructure Investment Bank (AIIB) has surpassed $1 billion, according to the bank's Vice President, Konstantin Limitovskiy.
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Oriental Weavers Carpet eyes $15m investments in 2022
Oriental Weavers Carpet targets $15 million investments as part of the company's plan for 2022.
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Egypt, World Bank discuss extending Country Partnership Framework
Rania Al-Mashat, Minister of International Cooperation and Governor of Egypt at the World Bank Group, has met with the team responsible for the World Bank’s Development Policy Financing (DPF) loan…
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CIB signs PRB Commitment to Financial Health and Inclusion
The Commercial International Bank (CIB) is one of 28 international founding signatory banks to the first ever “Commitment to Financial Health and Inclusion,” under the Principles of Responsible…
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NBE, Misr Life Insurance launch new investment fund
The National Bank of Egypt (NBE) and Misr Life Insurance, one of the Misr Insurance Holding companies, launched the “Al-Ahly Life” investment fund under the management of Al-Ahly Financial Investment…
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Egypt’s Housing Bank records EGP 37.5m block trading deal
The Egyptian Exchange (EGX) has announced a block trading deal worth EGP 37.564 million on the shares of the Housing and Development Bank (HD Bank).
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saib opens fourth financial education centre within digital transformation strategy
The leading bank saib has opened its fourth financial education centre “saib cube” at the City Center Mall of Alexandria.
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ADCB- Egypt expands branch network to 46
Ihab El-Sewerky, Managing Director and CEO of Abu Dhabi Commercial Bank (ADCB), and Adel Hashem, Head of the Retail Banking Sector at the bank, has inaugurated the bank’s latest branch at the Concorde…
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