Business China Vanke receives govt. support amid property crisis Aya El Sayed Mar 11, 2024 0 China’s government stepped in to bolster China Vanke, a state-backed property firm currently facing financial…
Banks ECB maintains rate floor, monitors economic outlook Aya El Sayed Feb 29, 2024 0 The European Central Bank (ECB) plans to maintain a “floor” under market interest rates, with the decision on the…
Banks FAB launches 1st global Sukuk in ‘24 Aya El Sayed Jan 11, 2024 0 First Abu Dhabi Bank (FAB) issued on Thursday a five-year Sukuk worth $800 million at a rate of U.S. Treasury +85…
Banks Egypt’s CIB confirms taking a loan Aya Anwar Nov 19, 2023 0 The Egyptian Commercial International Bank (CIB) responded to the Egyptian Exchange (EGX) inquiring about the…
Business Deutsche Bank acquires UK broker Numis Sama Mousa Oct 15, 2023 0 Deutsche Bank has completed its full acquisition of London-based boutique investment bank, Numis, the German bank…
Investment Egypt’s Oriental Weavers sells stake in NBK Egypt Sama Mousa Oct 2, 2023 0 Egypt's Oriental Weavers Group (OW) sold its 0.70 percent equity in the National Bank of Kuwait - Egypt (NBK…
Business Banque du Caire launches central security unit Sama Mousa Sep 14, 2023 0 Banque du Caire launched a central security control unit to monitor operations at its branches, said an emailed…
Banks Arab African International Bank first-half net profit reaches $106.1mln Nada Ali Sep 7, 2023 0 The African Arab International Bank (AAIB) has achieved a net profit of $106.1 million in the first half of 2023,…
Business CBE eases banking access for illiterate, elderly Sama Mousa Sep 5, 2023 0 The Central Bank of Egypt (CBE) introduced new facilities on Tuesday to help illiterate and elderly customers (65+…
Business Egypt to sell stake in Banque Misr in 2024 Sama Mousa Sep 5, 2023 0 Egypt is eyeing selling a stake in Banque Misr to a strategic investor in 2024, the bank’s chairman Mohamed…