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Money
Egypt’s sovereign fund, UAE’s ADQ deal includes stakes in listed, unlisted firms
The Sovereign Fund of Egypt’s (TSFE) deal with Abu Dhabi’s sovereign wealth fund ADQ includes stakes in listed and…
Lebanon; state, central bank go bankrupt
The state of Lebanon and its central bank have gone bankrupt, Deputy Prime Minister Saadeh al-Shami announced on…
Egypt’s Arab African International Bank says net profit jumped 70.7% in 2021
Egypt's first Arab multinational bank Arab African International Bank (AAIB) reported on Monday a 70.7 percent…
IMF’s Georgieva welcomes Egypt’s swift response to Russia-Ukraine war economic spillovers
International Monetary Fund’s (IMF) Managing Director Kristalina Georgieva has welcomed Egypt’s swift response to…
Egyptian fintech startup PayMint raises a seven-figure seed funding by AUR Fintech
Egypt-based fintech startup PayMint announced on Wednesday it had obtained a seed funding of seven figures from AUR…
Arab Contractors in talks for new projects in Angola
Egypt’s state-run construction firm Arab Contractors (AC) is in talks to implement new projects in Angola,
Saudi Arabia deposits $5 billion in Egypt’s central bank – news agency
Saudi Arabia has deposited $3 billion in Egypt’s central bank, the state-run Saudi Press Agency reported on…
National Bank of Egypt raises $11 billion from high-yield certificates in 9 days
Egypt’s biggest state lender, the National Bank of Egypt (NBE) has raised 200 billion Egyptian pounds ($10.9…
Banque Misr raises EGP 87 billion from high-yield certificates in 8 days
Egypt’s second-largest state lender Banque Misr has collected 87 billion pounds ($4.75 billion) from the…
ADIB-Egypt bank to hike capital to EGP 5 billion in August
Abu Dhabi Islamic Bank – Egypt (ADIB-Egypt) said on Monday it plans to hike its issued and paid-up capital to 5…