Egypt’s NTRA upgrades mobile device registration system
Egypt’s National Telecom Regulatory Authority (NTRA) has expanded the available payment methods for its Telephony…
Browsing Tag
Ahli United Bank
El-Labban steps down as Ahli United Bank Group CEO
After an impressive two decades leading Ahli United Bank (AUE), Adel El-Labban has expressed his desire to step…
Ahli United Bank Egypt records 2.04bln net profit in 2022
Ahli United Bank – Egypt (AUBE) has announced on Tuesday an increase by 73.9 percent in its consolidated net…
For the 1st time in Egypt, Ahli United Bank launches EDGE package with exclusive benefits
Ahli United Bank- Egypt (AUB) has on Thursday launched its EDGE package, the first of its kind in the Egyptian…
Ahli United Bank Egypt launches digital account opening solutions via mobile, online…
Ahli United Bank Egypt (AUBE) announced on Thursday it had introduced a new digital service, the “e- Account”.
Ahli United Bank Egypt secures $82 million EBRD, EU, GCF fund
Ahli United Bank – Egypt (AUBE), part of Bahraini Ahli United Bank Group, received on Thursday a $82 million…
Ahli United Bank – Egypt launches new saving feature with insurance benefits
Ahli United Bank – Egypt (AUBE), part of Bahraini Ahli United Bank Group, launched on Sunday a new saving account…
Kuwait Finance House to seize Bahrain’s Ahli United in $8.8bn deal
Kuwait Finance House KSCP set to buy Bahrain’s Ahli United Bank BSC in an all-share deal that’s valued at about…
Ahli United Bank, Egypt Post ink MoU for financial services deal
Ahli United Bank- Egypt has signed a memorandum of understanding (MoU) with Egypt Post to provide the lender’s…
Ahli United Bank investments in Egypt debt fall to 6.250 bln pounds in six months
Ahli United Bank – Egypt, part of Bahraini Ahli United Bank, says its investments in domestic debt instruments…
9 banks to fund Egypt coal power plant via 26.5bn pounds loan
A consortium of nine Egyptian banks has submitted the terms and conditions of arranging a syndicated loan to build…
Egyptian pound flotation poses challenges for banks’ 2016 financial positions
The decision of the flotation of the pound towards the end of last year affected all banks in the banking sector…
Consortium plans EGP13.5 bln loan for Egypt Petroleum Corp
A consortium of nine Egyptian banks is set to secure 13.5 billion Egyptian pounds ($745.8 million) to finance the…
Ahli United Bank launches new initiative to promote Egypt exports
Ahli United Bank – Egypt, part of Bahraini Ahli United Bank Group, has launched late Saturday a new initiative to…
Four banks mull $78.8 mln financing for Egyptian property project
Four Egyptian banks are considering a multi-million Egyptian pounds finance in favour of a property project in one…
Ten Egyptian banks sign $1.2bn loan deal for Siemens power plants
A group of 10 major banks has signed one of the biggest financing deals in Egypt’s energy sector, amounting to 10…
10 banks to sign multi-billion Egyptian pounds loan for power projects today
A consortium of Egyptian and Arab banks will sign Sunday a 10 billion Egyptian pounds (US$1.27 billion) finance…
Egypt’s Global Lease inks $77mn loans with four banks
Egyptian Global Lease Company signed loans estimated at 600 million Egyptian pounds (US$76.6 million) with four…
NBE arranges developer Misr Italia’s loan
A banking consortium consisting of the National Bank of Egypt (NBE), Ahli United Bank, and Bank Audi-Egypt will…
Egyptian Electricity Holding gives nod to nine banks’ $1.26bn loan offer
State-run Egyptian Electricity Holding Company (EEHC) has approved a loan offer worth 10 billion Egyptian pounds…
Ahli United Bank braces for 4 Branches, Mobile Banking Service
Ahli United Bank - Egypt (AUB) is seeking to inaugurate four branches in the second half of 2015, Head of the…
Ahli United Bank secures EGP350 million for Egyptian Steel’s Loan
Ahli United Bank pumps EGP 350 million (US$45.8 million) in a loan arranged for one of Egyptian Steel Group’s…
Ahli United Bank Grants EGP15bn Letters of Credit in 10 Months
In 10 months, Ahli United Bank (AUB) granted an EGP14-15 billion worth of letters of credit to support Egypt’s…
South Valley Cement Endorses EGP1.3bn Loan Deal with 5 Banks
South Valley Cement Company (SVCC)’s board of directors ratified on Wednesday the long-term syndicated loan…
South Valley Cement to Endorse EGP1.3bn Loan Contract with 5 Banks Today
Egypt’s South Valley Cement Company (SVCC) is holding Wednesday a board meeting so as to ratify a long-term…
Five Egyptian Banks Ink EGP1.273bn Loan for South Valley Cement
Five Egyptian banks signed Sunday a long-term syndicated loan contract worth EGP 1.273 billion in favour of South…
Egyptian Gulf Bank Considers Pumping EGP120mn in NPSS’s Loan
Egyptian Gulf Bank (EGB) is considering contributing in National Port Said Steel Company (NPSS) loan with stake…
Ahli United Bank Opens EGP1.5bn Letters of Credit for Petroleum Sector
Ahli United Bank (AUB) has opened letters of credit worth EGP1.5 billion within the first 8 months of the current…
Ahli United Bank’s Credit Portfolio is EGP11 billion
An official source in Ahli United Bank (AUB) said the bank's volume of credit portfolio increased to EGP11 billion…
Ahli United Contributes EGP400 million to National Port Said Steel’s Loan
Egypt's Ahli United Bank agreed to contribute around EGP 400 million to National Port Said Steel Company (NPSS)'s…
Ahli United Bank Opens EGP100 Letters of Credit for Food Companies
Ahli United Bank - Egypt approved to open letters of credit worth EGP 100 million in favour of local food firms…
Ahli United Bank aims to launch ‘Mobile Banking’ Service in 2015
Egypt's Ahli United Bank is planning to launch the Mobile Banking service within next year. Ahli United Bank would…
Ahli United Bank Opens US$120mn Letters of Credit for Petroleum Products
Ahli United Bank approved opening EGP120million letters of credit in favor of Petroleum Company so as to export the…
Bahrain’s Ahli United Bank Considers Sale or Merger: Sources
Ahli United Bank (AUB) AUBB.BH, Bahrain's largest lender, is evaluating a sale or a merger with a rival bank in a…
CBE Rebuts Receiving Requests for Islamic Banking Licences
Egypt’s Central Bank has not received any recent requests from local banks for a licence to provide…
Banque Du Caire, 11 Banks Secure EGP3 bn Loan for Petroleum Sector
Banque Du Caire S.A.E. along with 11 banks signed on Monday financing contracts worth EGP3 billion (around $431…
AUB Egypt: Total Dollar Remittances Hit $300 mln in 2013
In 2013, Ahli United Bank – Egypt (AUB) reported total dollar remittances worth US $ 300 million, the lender’s CEO…
SAIB Says to Inject EGP1.54 bln in SMEs within 2014
Société Arabe Internationale de Banque (SAIB) is planning to inject new finances worth EGP 1.5 billion in the SMEs…
With Participation of 12 Banks, SAIB Leads Arrangement of EGPC’s EGP2bn Loan
Société Arabe Internationale de Banque (SAIB) has signed on Tuesday the long-awaited agreement to arrange, manage…
Linatel Due to Receive AUB’S EGP5 mln Loan by Mid-Jan
As pursuant to a protocol worth EGP 150 million with Egypt’s Information Technology Industry Development Agency…