Egypt signs $135m financing deal for Damietta bioethanol project
Egypt has signed a long-term financing agreement worth $135 million to develop a bioethanol production project in…
Browsing Tag
Al Baraka Bank Egypt
CIB leads banking sector gains in EGX Sunday trading
In a robust trading session this Sunday, the Commercial International Bank (CIB) led the banking sector’s gains,…
Al Baraka Bank gets 50mln finance from IFC to support MSMEs in Egypt
The International Finance Corporation (IFC) has granted Al Baraka Bank Egypt a 50 million Murabaha Finance to…
Egypt’s Al Baraka Bank may borrow $55mln from IFC
Al Baraka Bank is considering borrowing a loan of $55 million from the International Finance Corporation (IFC) to…
Al Baraka bank earnings increase by 20.6% in Q1 of 2023
Al Baraka Bank-Egypt announced on Monday that it has witnessed an increase in its net earnings by 20.6 percent…
Al Baraka Bank – Egypt 2022 pretax profit hits EGP 2.655 bln
Al Baraka Bank – Egypt reported on Sunday profit before tax of 2.655 billion Egyptian pounds ($87.1 million) during…
Al Baraka Banking Group shifts to category 1 Islamic investment firm licence
Al Baraka Banking Group B.S.C. (ABG) has converted its current Islamic Wholesale Bank licence in Bahrain to a…
Al Baraka Bank Egypt names Hazem Hegazy as CEO
Al Baraka Bank Egypt, part of Bahraini Islamic lender Al Baraka Group, said on Tuesday its board had chosen Hazem…
Al Baraka Bank – Egypt gets financial regulator approval for capital raise
Egypt's Financial Regulatory Authority (FRA) approved on Tuesday the publication of a disclosure form submitted by…
Al Baraka Bank Egypt records 1.1% surge in first-half profits
Al Baraka Bank Egypt, part of Bahraini Islamic lender Al Baraka Group, reported a 1.1 percent year-on-year growth…
Egypt’s Prime Holding acquires 10% of A.T. Lease
Egyptian investment bank Prime Holding has acquired a 9.99 percent stake in local leasing company Al Tawfeek…
Egypt’s SAIBBank lead arranger for EGP 750 mln Kharafi National loan
Egypt’s Societe Arab Internationale de Banque (SAIBBank) is leading Kharafi National’s medium-term financing worth…
Al Baraka Bank gets regulatory approval to set up new firm in Egypt
Al Baraka Bank-Egypt, part of Bahraini Islamic lender Al Baraka Group, has obtained regulatory approvals to set up…
Al Baraka Bank Egypt’s NPLs fall to 5.4% in June
Al Baraka Bank-Egypt, part of Bahraini Islamic lender Al Baraka Group, witnessed an improvement in the quality of…
Al Baraka Bank-Egypt H1 net profit grows 30%
Al Baraka Bank-Egypt, part of Bahraini Islamic lender Al Baraka Group, reported on Tuesday a 30 percent annual…
Bahrain’s Al Baraka bank seeks to up its Egypt unit budget in 2020
Bahraini Islamic lender Al Baraka Group plans to increase the budget of its Egyptian unit to 100 billion Egyptian…
Bahrain’s Al Baraka Banking provides $500 mln to fund trade in Egypt
Bahraini Islamic lender Al Baraka Group has pumped $500 million in loan facilities into the Egyptian market…
Al Baraka Bank to develop new HQ in Egypt’s new capital: official
Al Baraka Bank Egypt, part of Bahraini Islamic lender Al Baraka Group, plans to build a new headquarters in Egypt’s…
Al Baraka Bank Egypt says the bank unaffected by Saudi Saleh Kamel’s arrest
Al Baraka Bank Egypt said Monday that the detention of Saudi billionaire Saleh Kamel in the Kingdom’s ongoing…
Al Baraka Bank Egypt H1 net profit rises 23.7%
Al Baraka Bank Egypt, part of the Bahraini Al Baraka Group, said on Tuesday its first half net profit rose 23.7…
EXCLUSIVE: share of 9 banks in Egypt’s EGAS loan
A consortium of nine Egyptian and Arab banks has completed arranging a loan worth 1.8 billion Egyptian pounds…
Islamic banking garners 5.2% of Egypt market share – EIFA
The Islamic banking in Egypt captures a 5.2 percent market share of the country’s banking sector business, said…
Dollar vs Egypt pound at early interbank trade in 20 banks
The table below demonstrates the selling and buying prices of U.S. dollar against the Egyptian pound in 20 banks…
Egypt pound vs dollar in interbank trade at 18 banks
US dollar traded to an average of 15 for buying and 15.65 for selling to Egyptian pound in interbank dealings on…
Dollar further fell against Egypt pound at early interbank trade
Dollar trade further dropped to an average below of 14 level for buying and below 16 for selling to Egyptian pound…
Dollar slips against Egypt pound at early interbank trade after IMF loan approval
Dollar trade fell to an average below of 16 level to Egyptian pound in four banks during early interbank dealings…
Dollar calms against Egypt pound following IMF $12 billion bailout approval
US dollar trade calmed significantly against Egyptian pound in 19 banks during interbank dealings in Egypt on…
Dollar stablises against Egypt pound at interbank trade
Dollar stablised against Egyptian pounds in 19 banks during interbank dealings on Thursday. For the biggest banks…
Dollar rises against Egypt pound in 7 banks at early interbank trade
Dollar edged higher against Egyptian pound in seven banks in early interbank dealings on Tuesday. The seven banks…
UPDATE: Egypt pound vs dollar in 20 banks at post-free floating trade
Dollar has continued its rise against Egyptian pound during interbank dealings on Monday. Pound was quoted at 17.5…
Dollar climbs against Egypt pound in 11 banks at early post-free floating trade
Dollar has surged against Egyptian pound in 11 banks in early interbank dealings on Monday.The 11 banks are Banque…
As post-free float trading begins, get to know dollar prices in 16 Egypt banks
Egyptian banks start trading currency on Sunday without central bank restrictions for the first time after policy…
Al Baraka Bank planning new joint financing for power, telecoms projects in Egypt
Al Baraka Bank Egypt, part of Bahraini Al Baraka Banking Group, is planning to pump 500 million Egyptian pounds…
Al Baraka Egypt Bank braces for new SME financing product in December
Al Baraka Bank Egypt, part of Bahraini Al Baraka Banking Group, says it will be launching this December a new…
Sisi’s Long Live Egypt launches savings certificates in six banks
The Long Live Egypt Fund (Tahya Misr), a fund created by Egyptian President Sisi to assist national economy, has…
IIRA reaffirms Al Baraka Bank Egypt ratings at ‘B-/B’
Islamic International Rating Agency (IIRA) has reaffirmed the international scale ratings of Al Baraka Bank Egypt…
Al Baraka Egypt seeks to renew World Bank’s $22.5 mln SMEs financing deal
Al Baraka Bank Egypt seeks to renew its SMEs financing agreement worth 200 million Egyptian pounds ($22.5 million)…
Al Baraka Bank earmarks $112.6 mln for energy, Suez Canal projects in 2016
Al Baraka Bank Egypt, part of Bahraini Al Baraka Banking Group, is planning to pump one billion Egyptian pounds…
Al Baraka Egypt secures Islamic Development Bank $5.6mn SME credit line
Al Baraka Bank Egypt, part of Bahraini Al Baraka Banking Group, has secured the Islamic Development Bank’s (IDB)…
Al Baraka Bank Egypt: H1 customers’ deposits surge to $143.3 mln
Al Baraka Bank Egypt, part of Bahrain’s Al Baraka Banking Group, says customers’ deposits compliant to the Shariah…