Egypt’s external debt at $125.3 billion by end-September
Egypt’s external debt recorded $125.3 billion at the end of September, up by 1.5 percent compared to $123.5 billion…
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Banque Misr’s BM Lease tops Egypt leasing market share with 16.65%
Banque Misr’s BM Lease has grabbed 16.65 percent of the Egyptian leasing market share during 2020, recent data from…
Egypt’s Redcon gets an EGP 2.7bn loan from AAIB to complete project at New Alamein
The Arab African International Bank (AAIB) signed on Thursday a contract with Redcon Development Company to provide…
Suez Canal Bank: Net profit surges 11% in 2020
Egypt’s Suez Canal Bank reported on Monday an 11 percent year-on-year increase in its net profit after tax to…
Abu Dhabi Islamic Bank Egypt: 2020 net profit surges to EGP 1.195 billion in 2020
Abu Dhabi Islamic Bank Egypt (ADIB Egypt) announced on Sunday its net profit grew to 1.95 billion Egyptian pounds…
Al Ahli Bank of Kuwait–Egypt 2020 net profit grows 27% y-o-y
Al Ahli Bank of Kuwait–Egypt (ABK-Egypt) reported on Sunday a 27 percent year-on-year growth in net profit during…
Egypt’s central bank launches initiative to cancel fees on activating e-collection…
The Central Bank of Egypt (CBE) launched an initiative to cancel all fees that private sector’s MSMEs bear to…
Egypt’s Agricultural Bank launches an initiative to settle EGP6.3 bln for defaulting…
The state-owned Agricultural Bank of Egypt (ABE) announced the launch of an initiative to settle debts worth of 6.3…
Export Development Bank’s board approves EGP 546m capital raise
Export Development Bank of Egypt (EBE) approved a proposal to raise its paid-up and issued capital to 3.27 billion…
NBE, Banque Misr launch mega property project Gardenia City with EGP 26bn investments
State-owned banks, the National Bank of Egypt (NBE) and Banque Misr announced on Monday the launch of mega real…