Latest in Tag: Emirates NBD Highlight

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Latest in Tag: Emirates NBD


Emirates NBD Egypt achieves EGP 1.18bn net profit at end-2017

We are working through three important strategic partnerships with Egyptian organisations to achieve the bank’s social goals in the areas of women empowerment, youth employment and support of people with special needs Emirates NBD Egypt’s business results show that the bank achieved a net profit of EGP 1.18bn in 2017 compared to EGP 925.5m in …

Daily News Egypt

10 banks offer EGP 6bn syndicated loan to Etisalat Egypt

A banking alliance of 10 major banks signed a syndicated long-term loan to Etisalat Egypt, amounting to EGP 6bn, to finance the purchase of the 4G licence and the new frequencies, as well as the repayment of the existing dues and the company’s operation expenses. The alliance included the National Bank of Egypt (NBE), the …

Daily News Egypt

Emirates NBD launches specialised unit for financing SMEs in Egypt

Emirates NBD announced the establishment of a specialised unit for financing small- and medium-sized enterprises (SMEs) in the framework of its commitment to implement the instructions of the Central Bank of Egypt (CBE), besides the bank’s quest to expand in financing these projects. SMEs are one of the most important sectors that contribute to advancing …

Hossam Mounir

Egypt begins economic recovery

Despite the number of layoffs increasing, Egypt’s private sector experiences its smallest downturn in almost a year, with recovery in output, job creation, inflation levels, and demand

Nicholas Mehling

Abraaj to sell 49% share in Network International

Abraaj Group agreed to sell its 49% share in Network International for electronic payment solutions in the Middle East and Africa region, for the benefit of Warburg Pincus and General Atlantic. Emirates National Bank of Dubai (Emirates NBD) will retain its share in the company which amounts to 51%

Daily News Egypt

Emirates NBD aims to pump EGP 3bn in national projects in 2015

Emirates NBD Egypt has its sights set to pump around EGP 2-3bn in financing national projects that the government intends to issue in 2015. Board member Sohier Al-Damaty said that the bank’s loans and credit facilities portfolio reached EGP 8bn at the end of December, of which small and medium enterprises (SMEs) shapes 35%. Emirates …

Daily News Egypt

Dubai tells global bankers to expect another boom

Reuters – Dubai told international bankers on Monday that it was gearing up for another boom and did not regret the pro-growth policies which brought it to the brink of default five years ago. It appeared to win the endorsement of many of the bankers. Over a dozen top Dubai officials and executives met about …

Daily News Egypt

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