EIB, Banque Misr sign €425m worth credit line agreement to finance SMEs
This agreement represents first tranche of €750m agreed upon earlier
First Abu Dhabi Bank fully acquires Bank Audi’s Egypt operations
Transaction is expected to be completed within next few months
Egypt’s manufacturing, extractive industries index up 0.84% in November 2020
Pharmaceutical, chemical industries index increases 7% due to higher demand for medicines,…
National Bank of Egypt, Banque Misr launch Gardenia City with EGP 26bn investment
Al Ahly Sabbour. Hyde Park to take over sales, marketing of Gardenia…
Egypt records 5% average headline urban inflation in 2020: CBE
Real GDP growth records -1.7% in Q2 of 2020, before recovering to…
Egypt’s annual urban headline inflation declines to 5.4% in December 2020: CBE
Subsequent inflation target has been set at average of 7% (±2%) during…
BLOM BANK announces execution of SPA for Egypt operations
A definitive agreement has been signed by BLOM Bank and the Arab…
HSBC eyes regional growth opportunities as GDP, trade rebound
HSBC has ambitious business plans in the Middle East, North Africa and…
Bank ABC completes acquisition of BLOM Bank’s Egypt operations for $480m
BLOM Bank Egypt employees expect new owners’ delegation to review work system
Banks adhere to cash dividends halt in Egypt to support capital base
Decision aims to maintain banking sector’s integrity, take proactive steps to meet…